Prague to comment on new EU sanctions - PM


02.09.2014 13:39

Sternberk - The Czech Republic will submit comments on the proposal for new EU sanctions against Russia, concerning, for instance, financial market and arms supplies, Prime Minister Bohuslav Sobotka (Social Democrats, CSSD) told reporters today.


Ilustrační foto - Předseda vlády Bohuslav Sobotka poskytl 10. dubna v Praze rozhovor České tiskové kanceláři (ČTK). ČTK Krumphanzl Michal

He also confirmed that the Czech government had received the draft new sanctions today and would debate the mandate for Czech negotiators on Wednesday.

At the weekend EU summit in Brussels, Sobotka reserved the right for the Czech Republic to disagree with part of the EU's proposal for tightening sanctions against Russia if they caused too high economic losses.

"On Wednesday, the government will approve the mandate for negotiators and set priorities for the Czech Republic in view of the comment on this proposal of the European Commission (EC). On the basis of the first reading of the EC´s draft, I can say that we as the Czech Republic will have comments," Sobotka told reporters.

Mainly the finance and industry and trade ministers will study the proposal for sanctions thoroughly today. The Czech central bank will be also consulted on the issue.

"We must act to take the interests of the Czech Republic and the EU into consideration as much as possible. I suppose that Europe should not harm itself by these sanctions. I consider the escalation of sanctions a very risky business," Sobotka pointed out.

If the EU is introducing new sanctions, Russian will react to them, Sobotka said.

"At the moment, we are not able to estimate the impact of another wave of sanctions that Russia will impose on EU countries. This is the biggest problem," Sobotka said.

He recalled that Moscow had reacted to the first wave of sanctions by the ban on imports of foodstuffs and farm produce from the EU.

"If we are entangled in an extensive and lengthy war between the EU and Russia, both Europe and Russia will pay dearly for it," Sobotka added.

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