Treasury Removes Sanctions on Latvia’s Ventspils Freeport Authority

Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) removed sanctions imposed on the Ventspils Freeport Authority, which was designated on December 9. Thus, currently there are no obstacles for Ventspils Freeport Authority, Ventpils Freeport and companies operating at the port to continue their work unhindered.

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Freeport Services

Being the deepest port on the Eastern coast of the Baltic Sea, we are able to serve the largest ships, which enter the Baltic Sea. All you need for business is available 24/7 at the Freeport of Ventspils: 12 cargo terminals of all types, 21 shipping agencies, regular ferry connections to Sweden, tugbunkering and other services.

All Freeport Services

For Investors

The status of Special Economic Zone, tax incentives, more than 700 hectares of free land available for industrial project development, integration into the TEN-T transport network, availability of skilled labor, the Freeport and the City Administration support are the basis for the establishment of new production facilities for the long-term growth in Ventspils.

Businesses currently in Freeport of Ventspils

construction;
solid wood window and door manufacture;
production of chocolate;

Convenient Traffic Connection Between the EU and CIS Countries, European TEN-T transport network, ice-free port allow us to serve the largest vessels entering the Baltic Sea, Freeport of Ventspils

Port Today

The ice-free port of Ventspils is one of the leading deep-water ports of the EU on the East coast of the Baltic Sea. According to the destinations of customer’s import and export – mainly the EU, CIS and Asian regions – we are creating a multi-modal transport solution infrastructure for fast and high-quality service. 

Port history, Special economic zone, Freeport of Ventspils

Port History

The harbour activity on the coast of the Baltic Sea — both during the times of the Hanseatic League and nowadays — has always been a significant driving force behind the economic growth of this region. 

Liquid cargo terminals, Dry bulk cargo terminals, General cargo terminals, Freeport of Ventspils

Terminals

We are able to serve the largest ships, which enter the Baltic Sea. 12 cargo terminals of all types are available 24/7 at the Freeport of Ventspils.

Cargo Turnover at the Freeport of Ventspils