CGTN published this video item, entitled “Businesses in Kaliningrad remain optimistic despite Lithuania’s transit ban” – below is their description.
Business people in the Kaliningrad region remain optimistic about the current economic situation, saying they are well prepared amid the imposition of European Union sanctions on the transit trade between Russia and its enclave of Kaliningrad. Earlier this month, Lithuania announced a ban on the rail transit of goods subject to EU sanctions through its territory to Kaliningrad.
Representatives of the Russian Chamber of Commerce and Industry have projected that all sectors of Kaliningrad’s economy will suffer due to the restrictions. Before the ban, almost all local entrepreneurs in Kaliningrad depended on supplies from abroad or the central part of Lithuania.
The European Union (EU) is a political and economic union of 27 member states that are located primarily in Europe. Its members have a combined area of 4,233,255.3 km² and an estimated total population of about 447 million.
Lithuania, officially the Republic of Lithuania, is a country in the Baltic region of Europe. Lithuania is one of the Baltic states. Lithuania has an estimated population of 2.8 million people as of 2019. The capital and largest city is Vilnius and other major cities are Kaunas and Klaipėda. Lithuanians are Balts. The official language, Lithuanian, is one of only two living languages in the Baltic branch of the Indo-European language family, the other being Latvian.
On 11 March 1990, a year before the formal dissolution of the Soviet Union, Lithuania became the first Baltic state to proclaim its independence, resulting in the restoration of the independent State of Lithuania.
Lithuania is a developed country with an advanced, high-income economy. Lithuania is a member of the European Union, the Council of Europe, eurozone, Schengen Agreement, NATO and OECD. It is also a member of the Nordic Investment Bank, part of Nordic-Baltic cooperation of Northern European countries, and is classified as a Northern European country by the United Nations.
Russia, or the Russian Federation, is a transcontinental country located in Eastern Europe and Northern Asia. It extends from the Baltic Sea in the west to the Pacific Ocean in the east, and from the Arctic Ocean in the north to the Black Sea and the Caspian Sea in the south.
Russia spans more than one-eighth of the Earth’s inhabited land area, stretching eleven time zones, and bordering 16 sovereign nations. Moscow is the country’s capital.
The Soviet Union was dissolved in 1991 and since 1993 Russia been governed as a federal semi-presidential republic. Russia is a major great power, with the world’s second-most powerful military, and the fourth-highest military expenditure. As a recognised nuclear-weapon state, the country possesses the world’s largest stockpile of nuclear weapons.