Embassy of Latvia to Turkiye / Latvijas vēstniecība Turcijā

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.

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

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

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

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:

INTERVIEW - Latvia calls for stronger collective defense ahead of NATO summit in Türkiye Foreign Minister Baiba Braze tells Anadolu that alliance faces ‘immediate and interconnected’ security threats | Anadolu

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

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