Czech food companies see sanctions costing more than 250 million crowns by year end

Czech food producers on Monday estimated that Russian sanctions could cost them 250 million to 300 million crowns by the end of this year. The biggest impact is expected to be felt by producers of dairy products with dried milk and cheese among the main exports to Russia. Czech producers also fear the impact of goods from other EU countries being diverted to the Czech market forcing food prices and their earnings lower. Companies selling rabbit meat, meat pastes, poultry meat and butter are also expected to be hard hit.