Russian food embargo, Lithuania logistics industry will be affected

  According to the Lithuanian Prime Minister's Office, representatives of ministries will discuss how to reduce the loss of Russian food embargo might bring. 

Lithuanian transport companies should be the most affected, as exports to Russia accounted for the largest portion of total exports. 

"First of all, the most vulnerable sectors are transport andLogistics, Especially those primarily dependent on the West-West transit of Russian goods "Zygimantas & nbsp; Mauricas, Nordea Bank chief economist told the Xinhua News Agency reporter said in an interview Thursday. 

"Lithuania's food and food products exported to Russia 77 per cent, mainly fruits, nuts and beverages," according to Donatas Brazdzius from the Economic Research Department, senior analyst at DNB Bank. 

"Transport andLogistics industryThe service re-flow will reduce Russia's embargo on food and look for other markets. "