Economy6 hours ago (Feb 21, 2022 03:56PM ET)
© Reuters. Estonian Prime Minister Kaja Kallas, Latvian Prime Minister Krisjanis Karins and Lihuanian Prime Minister Ingrida Simonyte pose for media in Riga, Latvia February 4, 2022. REUTERS/Ints Kalnins
By Andrius Sytas
VILNIUS (Reuters) – The European Union must impose sanctions on Russia immediately after it recognised two Ukrainian breakaway regions as independent, the governments of the Baltic states of Estonia, Latvia and Lithuania said after Russia’s announcement.
Russian President Vladimir Putin recognised the Donetsk and Luhansk regions in eastern Ukraine as independent entities on Monday, upping the ante in a crisis the West fears could unleash a major war.
The three Baltic states, unlike Ukraine, are all members of NATO and the European Union.
“The EU must impose sanctions immediately,” Latvian Foreign minister Edgars Rinkevics wrote on Twitter (NYSE:).
“I remain convinced such a course of escalation should be met with sanctions,” his Lithuanian counterpart Gabrielius Landsbergis wrote in a tweet.
In a joint statement, Rinkevics and Latvia’s president and prime minister called on the international community “to take the strongest possible measures to stop Russia’s aggression and offer assistance to Ukraine”.
Separately, Estonia’s president called on the European Union to impose sanctions for what he called the “gross and unjustifiable trampling on international law”.
Lithuania’s speaker of parliament will table a parliamentary motion to “never recognize” any change of status of the breakaway region, she said on Monday.
“Recognition of Donetsk & Luhansk separatist ‘republics’ by Russia is an intolerable violation of international law. It also means unilateral withdrawal from Minsk agreements”, said Lithuanian President Gitanas Nauseda, referring to the Donbass ceasefire documents.
The Baltic States said on Jan. 21 they will provide Ukraine with U.S.-made anti-armour and anti-aircraft missiles, days after receiving clearance from the U.S. State Department to send U.S.-made missiles and other weapons there.
The foreign ministers of the three Baltic countries plan to visit Ukraine together later this week in a show of solidarity.
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.