Latvia Faces Food Price Surge After EU Tariff on Russian Imports

Latvia Faces Rising Food Prices After EU Imposes Tariffs on Russian and Belarusian Agricultural Imports Latvia is bracing for a potential surge in food prices following the European Parliament's decision to implement a 50% tariff on agricultural imports from Russia and Belarus. This move, part of a broader set of sanctions against Russia, is expected to significantly impact the cost of essential goods in Latvian supermarkets. The increase will affect products such as sugar, grain, and animal feed. Leontijs Morozs, a member of the Latvian parliament, commented on the situation in a recent video, stating, "This will lead to a repetition of the situation with gas and electricity at the beginning of the war—uncontrolled price fluctuations and rising inflation." He expressed concern over the lack of discussion regarding the financial burden this will place on Latvian citizens. The Latvian government is currently assessing the potential impact of these tariffs and exploring measures to mitigate the effects on consumers. The situation highlights the complex economic challenges faced by Latvia in the context of the ongoing conflict in Ukraine and the resulting sanctions against Russia and Belarus.