August 2005
Emerging Europe Monitor: Central Europe & Baltic States;Aug2005, Vol. 12 Issue 8, p12
Country Report
Country Report
The article discusses political and economic risks related to Lithuania. Viktor Uspaskich, the Russian-born economy minister and founder of the Labour Party--the largest in the four-party governing coalition--has resigned both his ministerial position and parliamentary seat after the legislature's ethics commission accused him of using public office to promote his own business interests. The Russian government has asked Lithuania and the Netherlands to block any attempts by Yukos Oil Corp. to sell its 53.7% share in oil refiner Mazeikiu Nafta, amid growing international interest in the acquisition of Lithuania's largest company.


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