AB "Rokiskio suris", Pramones str.3, Rokiskis, Lithuania, 2014-08-12 15:56 CEST (GLOBE NEWSWIRE) -- On 6th August 2014, the President of the Russian Federation enacted an import embargo on agricultural produce imported to Russia from various countries including Lithuania. In the past months the sales of AB „Rokiškio sūris“ to the Russian market made up to 10-15 per cent of total sales, therefore the import embargo will not have a threatening impact on the continuation of the company’s operations, yet it will negatively influence the company’s financial results.
AB „Rokiškio sūris“ envisages to maintain current level of production if the State provides support to process the surplus milk which was used for the products to be sold on the Russian market.
Dalius Trumpa
Board Chairman
+370 458 55200