Sanctions against Mere owner leave Latvian food producers facing losses

The imposition of sanctions on the owner of the Mere retail chain has produced unintended financial consequences for food producers operating in Latvia. Several companies that supplied products to the Mere chain now find themselves unable to either retrieve goods already delivered to stores or collect payment for products that have already been sold.

Scale of the losses

According to available information, the combined losses suffered by the affected producers are estimated at several hundred thousand euros. The situation affects companies for which cooperation with the Mere chain represented a significant share of their sales, and they now find themselves unable to reclaim either their goods or the money already owed to them because of the legal restrictions in place.

Call to government officials

The affected businesses have appealed to state officials, urging the Prime Minister and the Ministry of Foreign Affairs to get involved in resolving the issue. The companies are seeking ways to reduce the side effects of the sanctions on legitimately operating Latvian producers, who are not themselves the target of the sanctions but are suffering losses as a result of their enforcement.