Lithuania's Financial Crime Investigation Service (FCIS) mulls placing under temporary administration two more companies from the list of Lithuanian companies constrained by Western sanctions against Russia and its oligarchs, Mindaugas Petrauskas, deputy director of the service, has said adding that this option is also being discussed with the Finance Ministry.
Kėdainių Lifosa
Kėdainių Lifosa
© DELFI / Laimonas Jankauskas

“The Finance Ministry has thus far asked us to provide a broader evaluation. However, one [Lifosa] has already been placed under temporary administration and we also have similar intentions in relation to two more companies,” he told BNS on Friday.

Fourteen companies in Lithuania have already seen their funds and shares frozen under the existing EU sanctions for Russia and Belarus.

Petrauskas would not specify the companies that might be placed under temporary administration.

He explained that, based on the criteria set out by the government, an interim administrator might be appointed for the companies with at least 10 million euros frozen as a result of sanctions, with a workforce of at least 500, or with economic, social or environmental activities posing certain risks.

Lifosa, the Kedainiai-based phosphate fertilizer producer, has so far been the only Lithuanian company placed under temporary administration.

The list of companies’ funds and shares frozen in Lithuania also includes Inter RAO Lietuva, an electricity supplier and its subsidiary Vydmantai Wind Park, IDS Borjomi Europe, a mineral water supplier, BMZ-Baltija, a metal product supplier, Eurochem Logistics International, a logistics company, Faberlic Baltija, EM System, EM Idustry, Amkodor Baltic, PhosAgro Baltic, TT Baltics, Juru Laivybos Registras and SUEK Baltic, a subsidiary of Russia’s SUEK.

It is prohibited to copy and republish the text of this publication without a written permission from UAB „BNS“.

Key Lithuanian companies protected from Russian, Belarusian control

As Latvia last week banned Russian and Belarusian legal or natural persons from holding stakes in or...

Lithuania and Kazakhstan aim to develop economic ties and transport connections

Lithuania and Kazakhstan seek to increase the volume of bilateral trade through much closer...

Court: Belaruskali and LTG contract posed threat to national security

The contract between Belarusian fertilizer producer Belaruskali and Lietuvos Gelezinkeliai (Lithuanian...

Two more sanctioned companies may be placed under temporary administration

Lithuania's Financial Crime Investigation Service (FCIS) mulls placing under temporary administration...

Statistics of Lithuanian airports: while other airports are quickly reaching the pre-pandemic results, Kaunas Airport continues to lead

In May this year, Lithuanian airports continued to rapidly approach the results registered before the...

Top news

Lithuanian politicians after Estonian PM's remarks: no need to worry about NATO plans

Lithuanian politicians say there's no reason to worry after the Estonian prime minister said NATO 's...

Nauseda: EC to clarify implementation of Kaliningrad transit sanctions

The European Commission will clarify its explanation on the implementation of the restrictions on the...

Lithuanian president talks EU candidate status for Ukraine at EC preparatory session

Lithuanian President Gitanas Nauseda took part in a virtual preparatory session of the upcoming...

Russia may resort to provocations as its army is run by "morons" – Lithuanian defmin

Lithuanian National Defense Minister Arvydas Anusauskas has warned that Russia may resort to...

Lithuania didn't prepare to respond to Russia's transit threats

Lithuania's European Commissioner Virginijus Sinkevicius on Tuesday criticized the country for its...