Government helping Czech exporters find new markets outside of Russia

Foreign Minister Lubomír Zaorálek and Trade Minister Jan Mládek on Thursday met with the country’s business leaders to discuss the impact of the sanctions against Russia and consider alternative outlets for Czech export products. Minister Mládek said that while seen on a macroeconomic scale the potential losses were not significant firms entirely dependent on the Russian market could have serious problems. According to the minister Czech exporters might find new opportunities in Belorussia, Kazakhstan or Azerbaijan. The Czech foreign and trade ministries have been cooperating to help minimize the impact of the sanctions on the export-dependent Czech economy.