The region has reportedly requested assistance as tourism, investment, and cross-border trade have plunged under restrictions on Moscow
The European Commission will provide financial aid next year to Baltic states grappling with the economic fallout from EU sanctions on Russia, Politico reported on Thursday, citing officials familiar with the plan.
Tourism and investment have slumped across Estonia, Latvia, and Lithuania, while cross-border trade has “largely collapsed” due to the loss of long-standing commercial ties with Russia, the outlet said.
Anonymous EU officials told Politico the initiative is intended to boost the economies of the…
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