Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Latvian PM's New Unity party ahead in vote, exit poll shows

Published 10/01/2022, 01:27 PM
Updated 10/01/2022, 09:06 PM
© Reuters. Motorists drive past a giant election campaign poster depicting Latvian Prime Minister Krisjanis Karins of New Unity party in Riga, Latvia September 28, 2022. REUTERS/Ints Kalnins

By Andrius Sytas

RIGA (Reuters) -The centre-right New Unity party of Latvian Prime Minister Krisjanis Karins was set to win Saturday's national election, an exit poll showed, after a campaign dominated by security concerns following Russia's invasion of Ukraine.

If confirmed, the result should mean Latvia remains a leading voice alongside its Baltic neighbours Lithuania and Estonia in pushing the European Union for a decisive stance against Russia.

But it could widen a rift between the country's Latvian majority and its Russian-speaking minority over their place in society, amid widespread national anger over Moscow's actions in Ukraine.

The first Latvian head of government to serve through a full four-year term, Karins, a 57-year-old dual U.S. and Latvian citizen, has benefited from his Moscow policy, which included restricting the entry of Russian citizens travelling from Russia and Belarus.

"We have known Russia’s politics for years, we had been trying to warn our neighbours for years before the war started," Karins told reporters after exit polls were published.

"We will continue to invest in our own defence ... to ensure that Latvia and the Baltic region remains as secure in the future as it is today."

An LETA/LSM exit poll showed New Unity at 22.5%, twice the number of votes as nearest competitor, the United List of smaller parties.

The Greens and Farmers Union, a coalition of conservative groups closely knit around Aivars Lembergs, the long-term mayor of Ventspils who was put on a U.S. sanctions list for alleged corruption in 2019, was in third place with 10.9%.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Exit polls showed falling support for parties popular with Latvia's Russian-speaking minority, which makes up about a quarter of the country's population of 1.9 million.

The left-leaning Harmony party saw its support decline to single digits, with observers saying this was driven in part by ethnic Latvian voters turning away. Some Russian speakers were also disappointed by the party leadership criticizing the Kremlin over Ukraine.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.