The founder of the Brolis group of companies Vizbaras on the situation with China: it will be pointless to do business in Lithuania until China loosens its grip on Lithuania

"Lithuania has jumped out over China and there is no need to expect a quick response from the European Union," said Kristijonas Vizbaras, the founder of the Brolis group of companies.

 

    "I think the European Union's (EU) response to China will be three years, five or even seven years from now. It will be a long process, they are already preparing documents on how to avoid such a situation in the future.

 

    There will certainly be no rapid EU response, because trade between the EU and China exceeds half a trillion euros, so no one can risk the well-being of their people because of such things. Lithuania has jumped here," -he says.

 

    According to the businessman, it is obvious that Lithuania's actions were not coordinated with the EU, and this problem of trade with China was made a pan-European problem, which, as he said, "Europe is extremely grateful to us," - he said.

 

    "Everyone just wanted a conflict with China in the current situation," - Vizbar added jokingly.

 

    In his opinion, Europe values ​​Lithuania's actions as a leap, and it is simply not worthwhile for the community to take real measures.

 

    "I think Europe sees this as our leap and that is the biggest problem.

 

    Lithuania will receive applause, consolation, support, but the facts are until the response processes are in place ... I know that work is under way, but the EU is an economic union and economic interests need to be looked at there.

 

    The volume of trade between Lithuania and China, and even the losses of German capital companies on an EU-wide basis, are relatively small and do not hurt the EU as a result. For companies, yes, it hurts, they feel it every day and it's a problem for them.

 

    "It will be pointless, risky and unattractive to invest in us and invest in businesses that can trade through global supply chains until China loosens its grip on Lithuania," - Vizbaras said."

 

    It is not just about the collapse of Lithuania's trade with China. Lithuania's trade with our main market is collapsing - with the European Union, which has included parts made in Lithuania into products intended for the important Chinese market. It is naive to expect that the European Union will abandon the Chinese market because of the decisions of Gabrielius Landsbergis, our kindergarten teacher.