Bloomberg News

Lithuanian Port May Lose Traffic on Belarus Sanctions: Freight

April 13, 2012

Lithuania’s port of Klaipeda may lose 14 percent of its traffic as a result of European Union sanctions against Belarus, according to Eligijus Masiulis, Lithuania’s transportation minister, Lietuvos Rytas reported.

Belarus transported 5 million metric tons of fertilizer through Klaipeda last year, one seventh of the port’s total cargo volume, and EU sanctions may force Belarus to divert exports from Lithuania to Russia or the Black Sea, the newspaper cited the minister as saying.

The EU widened its sanctions against Belarus in March, banning more than 240 people from entering member-countries and freezing the assets of 32 Belarus-based companies.

To contact the reporter on this story: Aliaksandr Kudrytski in Minsk, Belarus at akudrytski@bloomberg.net

To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net


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