How Gabrielius Landsbergis, husband of the headmaster of the kindergarten, manages Lithuania

And ho ho, his grandfather Vytautas Landsbergis used to fart by Gorbachev himself, as a regular musician, and  part of a Lithuanian delegation when Yeltsin was overthrowing Gorbachev. Vytautas Landsbergis is almost the king of Lithuania, or the president, or maybe the chairman of the highest Soviet ... Musicians eat only honey with us.

 

     "According to the economist A. Izgorodin, the imposition of economic sanctions on Lithuania on the misconduct of Gabrielius Landsbergis would be the biggest blow that China could take. "Our GDP is made up of production of various components for Western European and Scandinavian companies, which make products from those components and export that end product to China, which is a major trading partner of the EU. Sanctions are the strongest way China can punish us," - he said, adding that all Lithuanian industries would be affected. sectors other than the food industry, i.e. engineering, metalworking, manufacture of vehicle components,  textile, wood and furniture industries. Exactly how this would affect the Lithuanian economy and how much income could be lost, the economist could not say, but according to him, the losses would be huge.

 

    He also said that if sanctions were imposed, it was likely that Western European partners could start looking for production partners in the surrounding countries. "China is one of the main export markets in the EU, the problem is that Lithuanian producers could be replaced by competitors," -  he said.

 

    Žygimantas Mauricas, an economist at Luminor Bank, said that while the Lithuanian economy was not closely linked to the Chinese economy, the impact of sanctions could be significant enough for the Lithuanian economy, especially if tactics were applied, divide and conquer. "In general, the entire investment environment in Lithuania is likely to deteriorate. Businesses won’t want to risk to be attacked in a crossfire if there are alternatives. Accordingly, this could have a significant impact on our industry, especially in terms of attracting new investment. In that case, Lithuania may not be chosen, although it would be disappointing, because we have achieved a significant breakthrough recently,” - he said.

 

     On Wednesday morning, the media announced that the Chinese Communist Party's Global Times reported this week that Beijing could impose official economic sanctions on Lithuania. Global times writes that China could impose "US-style sanctions" on Lithuania, citing American restrictions on Chinese telecommunications company Huawei as an example, BNS reported. "China has the right to ban any company from selling products using Chinese components or technologies to Lithuania, and foreign companies may also be banned from selling in China products containing raw materials and components from Lithuania," - Global Times was quoted as saying."