Embassy of Latvia to Turkiye / Latvijas vēstniecība Turcijā

12/06/2026

Oil prices may have risen because of the Iran conflict, but they will not save Russia's economy. In the first four months of 2026, Russia's budget deficit reached 5.9 trillion roubles, already far above the 3.8 trillion planned for the whole year. More than 200,000 businesses have closed since January. Interest rates remain high. Corporate debt has nearly doubled since the full-scale invasion. Labour shortages are persistent, taxes are rising, and domestic demand is falling.

EU sanctions, now 20 packages in force, continue to restrict Russia's access to technology, finance, logistics and energy markets, imposing long-term structural costs. Higher oil prices give Russia short-term breathing space. They do not fix the structural damage. The pressure continues.

07/06/2026

LATVIA 🇱🇻 ARE THE 🏀 FIBA 3x3 WORLD CUP 2026 WINNERS 🏆

LATVIA 🇱🇻 ARE THE FIBA 3x3 WORLD CUP 2026 WINNERS 🏆

05/06/2026

💬 Foreign Minister Baiba Braže at the opening of the EBRD 35th annual meeting in Riga:

04/06/2026

Russia loves to portray its military as “invincible.” Since 2014, Ukraine has exposed Russia to be more of a paper bear, and in recent months managed to stall its battlefield progress.

Discover three long running myths behind Russia’s “invincible” image:

Myth 1: Russia is an unstoppable military force

Myth 2: Russian firepower is so powerful and terrifying that fighting it is pointless

Myth 3: Ukraine and its allies have already lost the war

04/06/2026

Latvia’s 🇱🇻 Foreign Minister Baiba Braže in an interview with Anadolu Ajansı:

💬 's core mission remains collective defense, and the alliance must continue strengthening its deterrence and defense posture in line with today's security environment.

🔗 Full interview 03.06.2026:

Foreign Minister Baiba Braze tells Anadolu that alliance faces ‘immediate and interconnected’ security threats | Anadolu

29/05/2026

What is the true cost of sanctions for Russia? Plummeting oil and gas revenues, punishingly expensive borrowing, and the loss of key markets.

It is becoming increasingly difficult for the Kremlin to finance the war against Ukraine. Staying the course delivers results. Sanctions work.

22/05/2026

Russia has been portraying the EU and Ukraine’s leadership as “warmongers” unwilling to end the war. This is, of course, an outright lie.

In reality, it is the Kremlin that has rejected at least seven peace proposals in 2025 alone.

21/05/2026

14/05/2026

State Secretary Andžejs Viļumsons meets with newly appointed Ambassador of the Republic of Türkiye to Latvia Ambassador Ahmet Cemil Miroğlu 🇱🇻🤝🇹🇷

14/05/2026

Valsts sekretārs Andžejs Viļumsons tiekas ar nozīmēto Turcijas Republikas vēstnieku Latvijā vēstnieku Ahmetu Džemilu Miroglu 🇱🇻🤝🇹🇷