Riga says lost trade and surging military spending have left the Baltic state carrying an outsized financial burden
Latvia wants Brussels to provide billions in additional funding as lost trade with Russia and soaring military spending put growing pressure on the Baltic state’s finances, Politico reported on Monday.
Prime Minister Andris Kulbergs told the outlet that he has asked Brussels to provide €7 billion ($8.2 billion) under the EU’s next seven-year budget, on top of other funding already earmarked for Latvia.
The sum would cover almost half of Riga’s projected €15.1 billion ($17.3 billion) military spending bill for 2028-2034.
Kulbergs…
Read the full article at RT.COM
