Country Risk

Russia likely to consider trade sanctions or cargo diversion against Latvia

03 April 2014


Latvian President Andris Berzins and Prime Minister Laimdota Straujuma issued a joint statement on 26 March condemning political attempts to incite tension between Latvians and the country's ethnic-Russian minority.

On 6 March the Latvian government adopted a resolution condemning Russia's takeover of Crimea, with 65 MPs voting in favour and 28 against, illustrating the split within Latvian society: the majority of those against were from the pro-Russian Harmony Centre (Saskanas Centrs: SC), the largest party in the Latvian parliament.

Similar to Ukraine, Latvia has a significant Russian speaking minority (25% of the population). Historical grievances over social and political exclusion within this population could potentially be exploited by Russia to foment civil unrest.

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