Prague - All Czech dailies comment on the latest developments in Ukraine and Crimea that has joined Russia.
Lidé na Rudém náměstí v Moskvě slaví podpis smluv o připojení Krymu k Ruské federaci. ČTK/AP Pavel Golovkin
Yesterday's look at victorious Russian President Vladimir Putin has shown that nothing lasts forever and that the era that can be called the richest and safest in Czechs' history is over, Jindrich Sidlo writes in Hospodarske noviny (HN).
Before, one could dismiss dark ideas in various ways such as by pointing out Putin's predecessor, Sidlo writes.
In fact, it was a funny guy who happened to get drunk on a foreign trip and was unable to get out of a plane, he adds.
However, thanks to him, Czechs are in NATO. All of them should be grateful to Boris Yeltsin, Sidlo writes.
The claim that the sanctions that might be imposed on Russia would cause the loss of 40,000 jobs is a one-sided and expedient look at the whole Crimean crisis, Martin Zverina writes in Lidove noviny (LN).
In fact, one can also take an opposite, but also one-sided and expedient look that for the preservation of 40,000 jobs, Czechs must sacrifice their foreign obligations, national sovereignty and lots of other things for which Czechs' ancestors fought, Zverina writes.
There is only one purpose of the scare-mongering reports about 40,000 jobs: no one should think of the sanctions for a single minute, he adds.
This approach suits Russia's policy. In fact, an energy "war" would cost much more and its impact would be much more devastating, Zverina writes.
Czechs must be prepared for energy blackmail, perhaps not tomorrow or in a month, but within a few years, he adds.
Short-term sanctions would harm much more the Russian economy and would hit much less Czechs, Pavel Paral writes in Mlada fronta Dnes (MfD).
For all the proclamations and support to trade with Russia, the trade exchange with Putin's regime accounts for a mere 4-5 percent of Czech foreign trade, Paral writes, adding that its balance is deeply negative, which means that Czechs import more than export.
As a result, any limitations would clearly affect more Russia and Czechs would be able to come to terms with their impact very soon, he adds.
A large portion of the Czech export would soon find different markets, although the losses would affect a number of companies and perhaps a few thousands of jobs would vanish, Paral writes.
Russia needs foreign markets because its economy is unilaterally based on export of raw materials and it needs European customers, he adds.
However, the sanctions would harm large Czech investors who have relatively important trade activities in Russia. They might incur losses, Paral writes.
This poses a problem to politicians because these are people whose influence transgresses the sphere of trade, he adds.