Czechia – investigations announced into 12 companies suspected of sanctioned exports to Russia

After press reporting by The Insider, into the acitivties of Czech companies allegedly exporting to Russia, it has now been reported that the Czech authorities are undertaking investigations into the companies.

The exports of machinery and duel-use goods (valued at more than €10m) are said to have largely gone through a range of third countries such as Estonia, Serbia, Turkey, and Latvia.

Confirmation of the investigations came from Czech Foreign Minister Jan Lipavský and Minister of Industry and Trade Lukáš Vlček.

The companies under investigation are:

  • Šmeral Brno
  • Varnsdorf
  • TAJMAC-ZPS
  • Pilous-Pásové Pily
  • Jihostroj a.s.
  • N.Ko
  • Prestar
  • Tachtech s.r.o.
  • Stroje Zeman Trade
  • Permico s.r.o.

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The opinions expressed on this blog are those of the author and are not to be construed as legal advice.

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