Publication details
Dopad sankcí na ekonomické vztahy s Ruskem
| Title in English | The Impact of Sanction on Czech Economic Relations with Russia |
|---|---|
| Authors | |
| Year of publication | 2017 |
| Type | Appeared in Conference without Proceedings |
| MU Faculty or unit | |
| Citation | |
| Description | Our contribution deals with the impact of economic sanctions imposed on the Russian Federation by the European Union, USA and other developed countries from the beginning of 2014. We generally recognize three channels by which the sanction can affect the Czech economy – a decline in exports and outflow of FDI to Russia, adrop in the inflow of investment from Russia and a decrease in number of Russian tourists in the country. Itwas often argued that the Czech economy depends on exports to Russia, especially of the mechanical engineering products, which at least partially balanced huge imports of Russian oil and gas. At the same time, there has been supposedly strong inflow of Russian foreign direct investment into the Czech economy, even though the Russian official FDI inflows are declared as negligible. In addition,the Czech Republic has also benefited on a long-term basis from the influx of Russian tourists. |
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