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Economic difficulties due to Belarus sanctions 'justified', says Lithuanian minister

Economic difficulties due to Belarus sanctions ‘justified’, says Lithuanian minister
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Lithuanian Economy and Innovation Minister Aušrinė Armonaitė. / D. Umbrasas/LRT
Temporary economic difficulties in Lithuania due to sanctions on Belarus are justified, the country s Economy and Innovation Minister Aušrinė Armonaitė told BNS.
Temporary economic difficulties are justified when you defend human rights, freedoms and common fundamental, eternal values, she said in an interview.
Any sanctions – be it againt Belarus, Russia, Iran or any country in the world – have economic consequences. But they are not imposed for nothing; [they are imposed] to protect human rights, she said.
Lithuania supports the EU s package of sanctions against the Belarusian regime because it must face consequences for its action, according to Armonaitė. ....

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Russia's Largest Oil Company Is Spinning Off Key Assets

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Russia’s Largest Oil Company Is Spinning Off Key Assets
By Viktor Katona - Dec 20, 2020, 12:00 PM CST
Proverbs tell us a great deal about how a views the same phenomenon. Brits would say that necessity is the mother of invention whilst many Eastern European nations would contend that it is poverty that is the mother of all arts – and both would mean more or less the same thing. What happens if those at the helm get really creative, perhaps even without an apparent need for it? Rosneft’s push to propel its Vostok Oil project into the limelight might have brought about an illustrative case of how crafty people can get when future prosperity is at stake, defying the centuries-old proverbs (but not the market expectations). Foresight, anticipation, sense of timing – all of it is necessary when one is to reintegrate a company that was spun out just several years ago. Vostok Oil (a rather odd cross-combination of Russian and English meani ....

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