Lithuania's new government plans to ease restrictions on dual-use goods exports that were implemented by the previous administration. The current ban covers items like industrial centrifuges and vehicle components that could have military applications.Economy Minister Luckas Savickas confirmed existing sanctions will remain but noted some measures were implemented without business consultation. The restrictions currently affect air transport worldwide, except for EU and partner countries.Business leaders support maintaining sanctions while seeking practical adjustments. Vidmantas Janulevičius of the Lithuanian Confederation of Industrialists suggested revising air transport rules for non-hostile countries, while Infobalt's Simonas Černiauskas emphasized the need to protect high-tech exports.The current restrictions could cost businesses over €250 million annually in lost revenue. Data shows that of Lithuania's €477 million in affected exports, most went to EU countries (€203M), partner countries (€124M), and Ukraine (€71M), with €79M going to other markets like UAE, Mexico, and Singapore.The previous economy minister, Aušrinė Armonaitė, had expanded these sanctions citing evidence of goods reaching Russia through third countries.Teltonika owner Arvydas Paukštys criticized the air transport restrictions, noting his company can no longer ship to Latin America and Asia offices. According to SEB economist Tadas Povilauskas, total exports of sanctioned goods reached €720 million in the first ten months of 2024. (ICE VARSAVIA)

Fonte notizia: www.lrt.lt