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Photo: Evija Trifanova / LETA
20:36, February 24, 2022
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Representing LETA, one of the largest retail chains in the Baltics, Rimi Baltic, has decided to suspend trade in goods manufactured in Russia and Belarus in a show of solidarity with Ukraine and a sharp crackdown on military aggression by Russia.
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The decision of Rimi Baltic means that from now on goods manufactured in Russia and Belarus will be removed from the assortment in almost 300 Rimi stores in Lithuania, Latvia and Estonia, as well as their import from international distributors will be stopped.
Rimi Baltic is currently informing suppliers of this decision, and the removal of Russian and Belarusian products from store shelves has begun.
Valdis Turlais, Chairman of the Board of Rimi Latvija, informs that the amount of goods manufactured in Rimi stores in Russia and Belarus does not exceed 1% of the total assortment.
“However, the decision to suspend trade in Russian and Belarusian products is a symbolic step with a clear message: we are opposed to military aggression and show solidarity with the Ukrainians among our customers and employees,” emphasizes Turlais.
It has already been reported that Rimi Latvia had a turnover of 946.508 million euros in 2020, which is 3.2% more than a year earlier, but the company’s profit decreased by 8.3% to 30.409 million euros.
Rimi Latvia was registered in January 1992 and has a share capital of five million euros. The sole owner of the company is the Swedish company Rimi Baltic.
“Rimi Latvija” is the second largest Latvian company in terms of turnover, according to “Latvian Business Annual Report 2021” prepared by “Firmas.lv” and the agency LETA.
It has already been reported that shortly after the order of Russian President Vladimir Putin to launch a “military operation” in Ukraine in the neighboring country, Russian troops invaded from various quarters on Thursday morning.
The Ukrainian army has engaged in heavy defensive battles with aggressors.
The European Union (EU), the United States, Britain and other countries are threatening Moscow with very serious sanctions in response to Russia’s invasion of Ukraine, which it promises to implement as soon as possible.
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