Another bad piece of news is that the ruble went down by nearly 10 percent in a couple of weeks and the goods of Lithuanian origin sold in Russia would grow more expensive, the Verslo Žinios business daily reports on Wednesday.
“We see that the wave of economic crisis has reached Russia. One of the signs is a decline in cargo transportation by rail by the neighboring countries,” Stasys Dailydka, Lietuvos Geležinkeliai CEO, told the daily.
A decline in transport flows signals the difficulties lying ahead, according to Gintaras Bertačius, CEO of Vilkyškių Pieninė, a dairy company.
The consequences of potential economic slowdown are expected to be somewhat mitigated by Moscow’s action plan aimed at stimulating economic growth.