Commerce Ministry Monitors Trade Implications of Russia-Ukraine Conflict

[webfact]

 

by Natthaphon  Sangpolsit

 

BANGKOK (NNT) - The economic impact of the Russia-Ukraine conflict continues to be a growing concern around the world, with the Thai Ministry of Commerce setting up an operations center to address the potential trade implications.

 

Commerce Minister Jurin Laksanawisit recently called an urgent virtual meeting with Thailand’s Office of Commercial Affairs in Moscow to assess the repercussions of the conflict as the situation develops.

 

During the meeting, officials discussed the possible effect of sanctions imposed on Russia by the United States and European nations, as well as global oil price fluctuations that affect manufacturing and logistics costs.

 

The minister noted that the situation has yet to directly impact Thailand’s imports or exports.

 

Relevant agencies have been tasked with monitoring for any issues requiring immediate action and to make daily situational reports to the minister.

 

The ministry also cautioned that it was too early to make a well-rounded assessment of the situation, and that more information was still needed.

 

-- © Copyright NNT 2022-02-28

 

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[ThailandRyan]

3 hours ago, webfact said:

Commerce Minister Jurin Laksanawisit recently called an urgent virtual meeting with Thailand’s Office of Commercial Affairs in Moscow to assess the repercussions of the conflict as the situation develops.

 

During the meeting, officials discussed the possible effect of sanctions imposed on Russia by the United States and European nations, as well as global oil price fluctuations that affect manufacturing and logistics costs.

 

The minister noted that the situation has yet to directly impact Thailand’s imports or exports.

Thailand is heavily invested in Russia, not only with tourism but with products such as oil and Gas.  The pinch will be felt across the board from the Hi-So to the bottom class of workers.

[jaiyen]

Its been going for 5 days and Thai authorities have set up a committee to monitor trade !  No need. There will be no trade with Ukraine or Russia. Other countries have imposed sanctions on Russia but Thailand only cares about trading with them !

[MrJ2U]

I'm assuming Thailand will have to go along with any sanctions imposed, as they should.

 

 

[ThailandRyan]

3 hours ago, MrJ2U said:

I'm assuming Thailand will have to go along with any sanctions imposed, as they should.

 

 

You suppose they will go along with it? I don't....

[robblok]

23 minutes ago, ThailandRyan said:

You suppose they will go along with it? I don't....

I agree money talks so i doubt Thailand will unless other countries put pressure on Thailand.

[Jingthing]

Only caring about trade.

No mention of a sovereign country being  brutally invaded?

Please pass the vomit bucket.

[MrJ2U]

2 hours ago, ThailandRyan said:

You suppose they will go along with it? I don't....

If they don't they'll have serious sanctions brought against them being an MNNA member.

 

https://en.m.wikipedia.org/wiki/Major_non-NATO_ally

 

Be nice to see Thailand doing the right thing even if they weren't members.

 

[ThailandRyan]

3 hours ago, MrJ2U said:

If they don't they'll have serious sanctions brought against them being an MNNA member.

 

https://en.m.wikipedia.org/wiki/Major_non-NATO_ally

 

Be nice to see Thailand doing the right thing even if they weren't members.

 

I would like to see them agree to the sanctions but after listening to the news and then some of the people in this Government speak it seems like they are supporting Russia in this conflict, which is just plain sad.

[MrJ2U]

30 minutes ago, ThailandRyan said:

I would like to see them agree to the sanctions but after listening to the news and then some of the people in this Government speak it seems like they are supporting Russia in this conflict, which is just plain sad.

I agree.

 

Fools in Generals outfits.  Never been in battle.

 

Watching Singapore's condemnation of Russia on YouTube.  

Good on them.

 

Russian banks (some) being disconnected from the Swift banking system is big blow.

 

Will see what lies ahead this week.  So much to digest during a damned pandemic.

 

 

[MrJ2U]

51 minutes ago, Henk Langeweg said:

And what was the reason he got transferred?

So much lack of essential information in this article but enough to feel blessed that my mother's womb was not in this country when I crawled out ...

Crazy!

 

So having an elected government overthrown and ruled by junta is better.

 

Ridiculous!

[MrJ2U]

7 hours ago, Jingthing said:

vomit bucket.

Its already overflowing.