This has seemingly compelled the European Commission to provide financial aid next year, citing officials familiar with the plan.
Tourism and investment have slumped across Estonia, Latvia, and Lithuania, while cross-border trade has “largely collapsed” due to the loss of long-standing commercial ties with Russia, the media outlet said.
Skeptics, however, warn that any near-term support Fitto can offer will be limited, with the EU’s seven-year budget already running low and the scale of the challenge far greater than the funds available.
All four nations share a border with Russia and have imposed multiple rounds of sanctions since 2022, while tightening entry rules for Russian citizens. Cross-border trade has been effectively shut down as a result. Furthermore, the downturn has been aggravated by post-pandemic inflation, which has surged across the region. And so, Estonia, Latvia, Lithuania and Finland have all taken a hit.
Despite the economic pain, the Baltic states remain among the most hawkish EU members on Russia and even pressing for further military buildup.
I don't see an end to this economic quagmire and it can only get worse. In fact, Europe is gearing up for war with Russia. And it will surely happen as soon as they can cajole courage to come out of hiding.
Yesterday, her semi-final match against France's Mélissa Alvès saw the former triumphant 3-0 over the latter. The world #7 made a confident start, always ahead on the scoreboard as she took a two game advantage (11-7, 11-5). Alvès went 4-0 up in the third but the Malaysian regained total control to close out the match in 26 minutes.










































