Latvia’s party system has been one of the most unstable in European comparison since the 1990s, essentially since independence and democratization. Although there was a period in the middle of the 2010s, which showed the stabilization of the range of relevant parties and a decrease in the number of parties, by the end of the decade the fluctuation between the parties of the Baltic republics was again high. The Kariņš cabinet, formed after a record long time after the 2018 election, nevertheless set a unique record in the country: it was the first government to complete a full four-year parliamentary term. The government faced two challenges during its tenure, the pandemic that began in the spring of 2020, and the Russian aggression against Ukraine that began on February 24, 2022. Both had a significant impact on the development of the party structure. The aim of this paper is to present the changes in the political palette of Latvian parties in the last two legislative cycles, to analyze the results of the October 2022 election, giving priority to the effects of the Russian-Ukrainian war on the transformation of the party structure and the results of the elections.