Latvia's airBaltic filed for Chapter 11 bankruptcy citing Iran war-driven fuel costs, securing 350 million euros in financing while canceling 3.5 billion dollars in Airbus orders and planning workforce reductions to restructure its debt.
Latvia increased security at its hydroelectric dam and gas storage facility after intelligence indicated Russian threats, with Prime Minister Kulbergs requesting NATO air defenses and allied troops while warning that hybrid threats have escalated as Russia seeks quick victories.
The United States is pressuring Lithuania to allow Belarus to resume potash fertilizer exports through its port, currently sanctioned by the EU, though Lithuania maintains it will not discuss resumption while sanctions remain in force.