Do Latvian entrepreneurs still trade with Russia?

As Russia’s full-scale war in Ukraine enters its fifth year, Latvian state officials and heads of business organizations have repeatedly stressed that any trade with Russia is not in Latvia’s interests. However, TVNET Bizness investigates whether Latvian entrepreneurs actually follow this principle in their operations.

The statistics on this issue are contradictory. It would be reasonable to expect that after five years, businesses would have reoriented away from the Russian market. Yet the available data paint a concerning picture. Specific numbers are not disclosed in the article, but certain indicators give pause for thought.

Whether Latvian business practices truly align with the political stance publicly advocated remains a matter for individual judgment. TVNET Bizness invites readers to assess for themselves how completely economic ties with the aggressor state have been severed and whether companies are ready to fully abandon the Russian market. One thing is clear: the debate on this topic remains highly relevant.