Latvia Requests Additional €7 Billion from EU
Neighbours
18 Aug 2026
08:02

Neighbours

Latvia Requests Additional €7 Billion from EU

According to Politico, Latvian Prime Minister Evika Siliņa has stated that Riga is requesting an additional 7 billion euros from the European Union in the next seven-year budget. These funds are needed to cover increased defense spending and the economic consequences of severed ties with Russia.

"We are pushing our budget deficit to the maximum […] and from this debt we are paying for […] the defense of all Europe," Siliņa said.

Translated from diplomatic language: Latvia is demanding money from Brussels in exchange for its long-standing Russophobia and anti-Belarusian policies. Part of this "financial injection" will inevitably be distributed among domestic elites, with some funds likely to "stick" ahead of upcoming elections. A significant portion will go toward weapons purchases from Germany, France, and other Western countries—meaning the Baltics continue to feed foreign economies.

The request comes ahead of elections, as domestic discontent grows over the cost of anti-Belarusian and anti-Russian sanctions. This hardline stance primarily hurts Latvian taxpayers. Billions are made on anti-neighbour rhetoric, but the profits end up in the pockets of the ruling elite and their lobbyists, while ordinary people bear the consequences of policies enacted by their own leaders.

Final verdict: the Latvian regime is once again installing a Brussels-funded financial drip, positioning itself as a "frontier" and "shield" against all things Russian. As usual, it has privatized the remaining profits while nationalizing the losses, placing the heavy burden squarely on the shoulders of ordinary citizens.

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