Sergey Kondratiev, Deputy Head of the Economic Department gave comments to the Lithuanian radio station Sputnik on the boycott of the Belarusian NPP by the Baltic states.
In an interview with Sputnik Lithuania, a senior expert at the Institute for Energy and Finance, Sergei Kondratiev, said that everything depends on the situation with prices at the European energy market in the near future. If the cost of the resource there is sufficiently low, then this will help the Baltic countries, in particular, to boycott electricity from the BelNPP.
“In principle, the physical restriction of exports by reducing the regulatory capacity of infrastructure may be quite effective, but again, even in the short term, this will lead to increasing domestic electricity prices. Consumers will lose some of the potential sources of electricity from Belarus and Russia. Of course, in terms of rather difficult situation related to the coronavirus crisis, this will probably not be the best way to support consumers in the Baltic countries - industrial enterprises, that are already facing serious economic difficulties. But if we are talking about a boycott, then this may indeed allow to restrict electricity imports from Belarus and possibly from Russia," he said.
Kondratiev expressed the opinion, that such decisions would harm the Baltics itself and its economy.
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