Prolonged Russia-Ukraine war could derail Thai economic recovery

[webfact]

 

The impact on Thailand’s economy from the Russia-Ukraine conflict will depend on how long the hostilities go on and whether they will escalate, economic observers have noted.

 

In response to Russian troops invading Ukraine last week, the United States and its allies have imposed sanctions on Russia and Russian leaders, with threats of more stringent actions.

 

The sanctions imposed by the US, the United Kingdom, the European Union, Japan, and Australia include freezing the assets of Russian banks, the personal assets of President Vladimir Putin and his inner circle, an export ban on materials Russia uses for oil refineries, halting the export of goods such as semiconductors, cutting high-tech imports to stop it developing its military capabilities and stopping major Russian companies and the state from raising funds or borrowing money.

 

The US has also imposed a travel ban on Putin and his Foreign Minister Sergei Lavrov. Thailand’s Foreign Ministry on February 25 announced a plan to evacuate 236 Thais living in Ukraine.

 

Full story: https://www.thaipbsworld.com/prolonged-russia-ukraine-war-could-derail-thai-economic-recovery/

 

-- © Copyright Thai PBS 2022-02-28

 

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[RandiRona]

Well..get rid of that thai pass charade and see tourists storming....There is spent up demand for tourism, unfortunately Thailand is losing due to its incompetent government. 

[daveAustin]

Everyone will lose—high oil price etc—and esp those with bilateral links with Russia I guess. But it’s in Thailand’s hands. As suggested, they could sweep up billions if they stop being silly and grow up on entry requirements. 

[smedly]

well I am going to say the same thing I said a few days ago

 

The Thai government/authorities need to shut # #  up

 

They should not be commenting on what is going on - Ukraine is a free country paving their own future and then along comes mad man Putin  who is trying to bomb his way into peoples hearts ............. on what level does that work ?...........in his head only it seems 

 

My opinion is - the Russian people will not put up with this just as the world doesnt, Russians who have been sent into Ukraine will already be asking themselves ........what the # are we doing here .................................... Mental mad dog Putin will be  gone  very soon, he will not be allowed to progress this nonsense 

 

Bye Bye

[Stefanix]

Thailand: join in and sanction Russia! Cut off the flights! Russia needs to feel as much pressure as possible. The only way forward is the people in Russia standing up against this regime! Russian oligarchs should spend their vacation in North Korea!

[Hulu]

Syria, Libanon, Iran??

In the Name off Demokratie??

[jacko45k]

It will be further reaching than Thailand.....

[hotchilli]

4 hours ago, RandiRona said:

Well..get rid of that thai pass charade and see tourists storming....There is spent up demand for tourism, unfortunately Thailand is losing due to its incompetent government. 

Has Phipat explored a travel bubble with Ukraine yet?

[hotchilli]

3 hours ago, smedly said:

My opinion is - the Russian people will not put up with this just as the world doesnt, Russians who have been sent into Ukraine will already be asking themselves ........what the # are we doing here

It worked for Putin in Crimea, the world was aghast, then sat back and let it happen.

After the dust settled life went back to normal... except for the residents of Crimea.

The same will happen for Ukraine.

 

[4MyEgo]

Interesting to see that the USA has been busy bombing other countries since WW11, just saying.

 

China 1945-46

Korea 1950-53

China 1950-53

Guatemala 1954

Indonesia 1958

Cuba 1959-60

Guatemala 1960

Belgian Congo 1964

Guatemala 1964

Dominican Republic 1965-66

Peru 1965

Laos 1964-73

Vietnam 1961-73

Cambodia 1969-70

Guatemala 1967-69

Lebanon 1982-84

Grenada 1983-84

Libya 1986

El Salvador 1981-92

Nicaragua 1981-90

Iran 1987-88

Libya 1989

Panama 1989-90

Iraq 1991

Kuwait 1991

Somalia 1992-94

Bosnia 1995

Iran 1998

Sudan 1998

Afghanistan 1998

Yugoslavia – Serbia 1999

Afghanistan 2001

Libya 2011

Iraq and Syria 2014 –

Somalia 2011 –

Iran 2020 –

 

There I was thinking I lived in a perfect world, well Isan sure is looking good at the moment.

Edited February 27, 2022 by 4MyEgo

[vandeventer]

52 minutes ago, Stefanix said:

Thailand: join in and sanction Russia! Cut off the flights! Russia needs to feel as much pressure as possible. The only way forward is the people in Russia standing up against this regime! Russian oligarchs should spend their vacation in North Korea!

You are so right, Putin needs the hook. If the Russian people had a choice to stand up and support Ukraine most would. We can only sit back and see how this all plays out ,I hope he will listen to reason and pull back.

[Blumpie]

1 hour ago, Stefanix said:

Thailand: join in and sanction Russia! Cut off the flights! Russia needs to feel as much pressure as possible. The only way forward is the people in Russia standing up against this regime! Russian oligarchs should spend their vacation in North Korea!

 

 

Don't sorry, they won't.

 

't.  

[Blumpie]

20 minutes ago, 4MyEgo said:

Interesting to see that the USA has been busy bombing other countries since WW11, just saying.

 

China 1945-46

Korea 1950-53

China 1950-53

Guatemala 1954

Indonesia 1958

Cuba 1959-60

Guatemala 1960

Belgian Congo 1964

Guatemala 1964

Dominican Republic 1965-66

Peru 1965

Laos 1964-73

Vietnam 1961-73

Cambodia 1969-70

Guatemala 1967-69

Lebanon 1982-84

Grenada 1983-84

Libya 1986

El Salvador 1981-92

Nicaragua 1981-90

Iran 1987-88

Libya 1989

Panama 1989-90

Iraq 1991

Kuwait 1991

Somalia 1992-94

Bosnia 1995

Iran 1998

Sudan 1998

Afghanistan 1998

Yugoslavia – Serbia 1999

Afghanistan 2001

Libya 2011

Iraq and Syria 2014 –

Somalia 2011 –

Iran 2020 –

 

There I was thinking I lived in a perfect world, well Isan sure is looking good at the moment.

Hard to believe they aren't bombing Russia right now.  

[Isaan sailor]

20 minutes ago, 4MyEgo said:

Interesting to see that the USA has been busy bombing other countries since WW11, just saying.

 

China 1945-46

Korea 1950-53

China 1950-53

Guatemala 1954

Indonesia 1958

Cuba 1959-60

Guatemala 1960

Belgian Congo 1964

Guatemala 1964

Dominican Republic 1965-66

Peru 1965

Laos 1964-73

Vietnam 1961-73

Cambodia 1969-70

Guatemala 1967-69

Lebanon 1982-84

Grenada 1983-84

Libya 1986

El Salvador 1981-92

Nicaragua 1981-90

Iran 1987-88

Libya 1989

Panama 1989-90

Iraq 1991

Kuwait 1991

Somalia 1992-94

Bosnia 1995

Iran 1998

Sudan 1998

Afghanistan 1998

Yugoslavia – Serbia 1999

Afghanistan 2001

Libya 2011

Iraq and Syria 2014 –

Somalia 2011 –

Iran 2020 –

 

There I was thinking I lived in a perfect world, well Isan sure is looking good at the moment.

At least we’re good at something.  We haven’t done well at electing good leaders lately.

[jacko45k]

And now this madman puts his nuclear weapons on high alert. 

https://www.theguardian.com/world/2022/feb/27/vladimir-putin-puts-russia-nuclear-deterrence-forces-on-high-alert-ukraine

[wombat]

Do you think that the Rouble losing 25% of its value since the start of the police action in Ukraine will effect Ivan & family's from coming to LOS?

Edited February 28, 2022 by wombat

[wombat]

39 minutes ago, 4MyEgo said:

Interesting to see that the USA has been busy bombing other countries since WW11, just saying.

 

China 1945-46

Korea 1950-53

China 1950-53

Guatemala 1954

Indonesia 1958

Cuba 1959-60

Guatemala 1960

Belgian Congo 1964

Guatemala 1964

Dominican Republic 1965-66

Peru 1965

Laos 1964-73

Vietnam 1961-73

Cambodia 1969-70

Guatemala 1967-69

Lebanon 1982-84

Grenada 1983-84

Libya 1986

El Salvador 1981-92

Nicaragua 1981-90

Iran 1987-88

Libya 1989

Panama 1989-90

Iraq 1991

Kuwait 1991

Somalia 1992-94

Bosnia 1995

Iran 1998

Sudan 1998

Afghanistan 1998

Yugoslavia – Serbia 1999

Afghanistan 2001

Libya 2011

Iraq and Syria 2014 –

Somalia 2011 –

Iran 2020 –

 

There I was thinking I lived in a perfect world, well Isan sure is looking good at the moment.

Without a war to fuel the economy capitalism dies....old mate Putin learnt that from the best.

[wombat]

21 minutes ago, Blumpie said:

Hard to believe they aren't bombing Russia right now.  

Does supplying things that go bang to Ukraine via proxy count?

[Guest Isaanlife]

5 hours ago, RandiRona said:

Well..get rid of that thai pass charade and see tourists storming....There is spent up demand for tourism, unfortunately Thailand is losing due to its incompetent government. 

There is a war going on, where is the pent up demand for tourism?

[Guest Isaanlife]

1 hour ago, Stefanix said:

Thailand: join in and sanction Russia! Cut off the flights! Russia needs to feel as much pressure as possible. The only way forward is the people in Russia standing up against this regime! Russian oligarchs should spend their vacation in North Korea!

The entire first world boycotting Russia but not third world Thailand?

 

 

[Guest Isaanlife]

19 minutes ago, jacko45k said:

And now this madman puts his nuclear weapons on high alert. 

https://www.theguardian.com/world/2022/feb/27/vladimir-putin-puts-russia-nuclear-deterrence-forces-on-high-alert-ukraine

How long would it take the nuclear fallout to drift to Thailand?

[IAMHERE]

26 minutes ago, Isaan sailor said:

At least we’re good at something.  We haven’t done well at electing good leaders lately.

Who is we there? I'm American and Putin elected our president. Now I can understand what was in it for him. What's wrong with a neutral Ukraine ? Neutrality works for other countries.

[cardinalblue]

Sorry dude this isn’t a police action….the rubble will plummet to its lowest levels possibly ever if this invasion continues…..

 

stronger sanctions will continue until and only until all Russian forces depart….if not, isolate and strangle 

[Caldera]

1 minute ago, cardinalblue said:

Sorry dude this isn’t a police action….the rubble will plummet to its lowest levels possibly ever if this invasion continues…..

From ruble to rubble, literally.

 

That's well deserved, but there will be fallout pretty much all over the world.

[Dialemco]

Difficult to foresee any up turn in tourism now that war in Europe has broken out with threat from Putin to unleash nuclear weapons which could destroy the world  Putin has put himself in a position which is very difficult to extricate himself.

[bkk6060]

47 minutes ago, Blumpie said:

Hard to believe they aren't bombing Russia right now.  

Al Americans have been ordered to leave Russia.

So, could possibly start soon.

[Tropposurfer]

May be an opportunity to rethink and rework some of the less than stellar attitudes and actions around Iran and go to them for more oil and gas. They have the worlds second largest reserves of natural gas.

Lord knows there needs to be some new thinking around the relationships of the west to Iran. This might be a way to begin a return to a stable middle east, and de-radicalise Iran to some degree by cooperation rather than feeding the narrative of 'an evil axis' as Bush coined.

This way the screws can really be tightened (he is still drawing in huge sums of money for gas and oil because not all the flow of SWIFT and gratuities for the two are stopped by the sanctions imposed to date and proposed ones) on Putins megalomaniacal ideas of reinventing a neo-Czarist Empire, and hasten his demise and allow the Russian people (who want, this from what my Rusky friends tell me) to return to some hope (its dwindling rapidly) of being a vibrant part of the global community.  

[cardinalblue]

Victor, 

 

sonds like someone has resentment and anger issues……seek help

[jacko45k]

21 minutes ago, bkk6060 said:

Al Americans have been ordered to leave Russia.

So, could possibly start soon.

I sincerely hope not and doubt it. With the Russian nuclear weapons on high alert that would be a crazy move. Russia is dusting off it's ICBMs, which can reach Washington and have the tonnage to destroy it. 

[realfunster]

44 minutes ago, wombat said:

Do you think that the Rouble losing 25% of its value since the start of the police action in Ukraine will effect Ivan & family's from coming to LOS?

 

I went and checked the charts and the rouble has weakened massively (halved in value) since 2014 already against $/Euro/RMB.

Perhaps part of Putin's motivation, the good old fashioned patriotic war to mask internal economic failure trick.

 

Of course, that poor economic outlook hasn't even slightly impaired the ability of the Russian kleptocracy to enrich themselves, with over 100 Russian billionaires now on the sanctions watchlist. The West has been party to this, often welcoming these people with open arms. (Yes, I am looking at you Roman Abramovich). It seems the turning a blind-eye on such things in now over but I am sure these people will find other welcoming, if less glamourous, nations that will be happy to accommodate their ill-gotten gains. China must be rubbing their hands with glee at this whole situation.

 

Such a shame that 30+ years after the collapse of the Wall and the fresh hope that Russia would re-integrate and become a valuable and powerful European partner, that here we are in 2022....

 

If it wasn't for their O&G exports, which are now surely under threat in the short/medium term, not sure what else they have to rely on as economic engines, particularly if operating under pariah nation status.

 

Dark days ahead for the average working Russian.