Czech exporters to potentially lose hundreds of millions

Czech exporters expect to lose tens or even hundreds of millions of crowns in contracts over the next twelve months due to the current sanctions between the EU and Russia, according to a poll conducted by the Czech Chamber of Commerce. The poll, which was carried out among 140 Czech firms, reflects that the sanctions do not apply to contracts signed in 2013, explains the chamber’s president Vladimír Dlouhý, adding that exporters will only know the amount of their possible losses before 2015.