Czech exports to Russia drop by 35.8 percent in first quarter of 2015
Czech exports to Russia dropped by 35.8 percent in the first quarter of 2015, the Ministry of Industry and Trade announced on Thursday. In that period Czech companies exported goods to Russia worth nearly 18 billion crowns. The decline was mainly due to EU sanctions against Russia but also due several large contracts being completed by the end of 2014. According to the expectations of the Ministry of Industry and Trade, the overall result for 2015 should not be so dramatic, although it is likely to exceed last year’s figure. In 2014, Czech exports to Russia dropped by 2.7 percent.