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Sanctions cut into Estonia transport

  • 2014-07-03
  • From wire reports
TALLINN - Estonia’s transport industry, a key contributor to the Baltic economy’s contraction last quarter, has been further harmed by neighboring Russia’s conflict with Ukraine that flared in March, Economy Minister Urve Palo said, reports Bloomberg. Cargo volumes, heavily dependent on oil product shipments from Russia, have declined “drastically” in the past few months, Palo, 41, who replaced Juhan Parts in March when her Social Democratic Party entered the government, said in an interview on June 11 in the capital, Tallinn. Estonia’s economy entered...
 
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