Popular Post webfact Posted March 16, 2022 Popular Post Share Posted March 16, 2022 File photo By Michael Bridge The Russian government issued last week a list of countries "taking unfriendly actions against Russia, Russian companies, and citizens," referring to the economic sanctions introduced amid the Russia-Ukraine war. According to a decree published on the government's website, the list includes Albania, Andorra, Australia, Great Britain, including Jersey, Anguilla, British Virgin Islands, Gibraltar, EU member states, Iceland, Canada, Liechtenstein, Micronesia, Monaco, New Zealand, Norway, South Korea, San Marino, North Macedonia, Singapore, US, Taiwan, Ukraine, Montenegro, Switzerland, and Japan. Vietnam, Thailand, Cambodia, Laos, and the Philippines from SE Asia were not on this list. Where to now? Now we know that in the past there were many Thai companies, especially in the hospitality sector that did a large amount of business with Russians. Thailand has always been a trade partner with Russia. Back in 2019, Thailand exported $1.13B to Russia. The main products that Thailand exported to Russia were Cars ($173M), Vehicle Parts ($83.9M), and Rubber Tires ($73M). Keep up to date with all things Thailand - Join our daily ASEAN NOW Thailand Newsletter - Click to subscribe Crude oil was Thailand’s biggest import from Russia last year followed by coal and gold. Luckily, most of Thailand's crude oil and condensates are from offshore fields in the Gulf of Thailand. Natural gas fuels 60–65% of Thailand's electrical power generation. The Erawan gas field in the Gulf of Thailand supplies about 20% of Thailand's gas production. Thailand imported the LNG from seven suppliers in October, with Australia and Malaysia being the largest sellers. The Southeast Asia nation imported 5.36 million mt of LNG in the first 10 months, up 9.8% year on year, from Qatar, Malaysia, and Nigeria. The Thai government does not rely too much on Russia for its energy however continuing to export cars could see European countries along with the USA could end up with expensive sanctions that the country can ill afford. The next few months may see some major policy decisions needing to be made by both private sector along with the Thai Government. -- © Copyright ASEAN NOW 2022-03-17 - Aetna offers a range of visa-compliant plans that meet the minimum requirement of medical treatment, including COVID-19, up to THB 3m. For more information on all expat health insurance plans click here. - Follow ASEAN NOW on LINE for breaking COVID-19 updates Get your business in front of millions of customers who read ASEAN NOW with an interest in Thailand ever 2 3 Link to comment Share on other sites More sharing options...
Popular Post daveAustin Posted March 16, 2022 Popular Post Share Posted March 16, 2022 Thai companies have a moral decision to make Money number one ???? 25 4 2 Link to comment Share on other sites More sharing options...
Popular Post TooMuchTime Posted March 16, 2022 Popular Post Share Posted March 16, 2022 What moral dilemma? People actually think Ukraine is some innocent country? I guess those who only watch TV and follow the latest trends do. Two corrupt countries at war is nothing to be involved with. Let God sort those two out. 13 6 21 2 Link to comment Share on other sites More sharing options...
IAMHERE Posted March 16, 2022 Share Posted March 16, 2022 Can these Thai companies use their Morals; not the Morals dictated by Crist and the western authorities ? 2 Link to comment Share on other sites More sharing options...
CharlieH Posted March 16, 2022 Share Posted March 16, 2022 Those cars look like there from the 80's ! There are no morals where money or much else is concerned. 1 Link to comment Share on other sites More sharing options...
Popular Post jacko45k Posted March 16, 2022 Popular Post Share Posted March 16, 2022 2 hours ago, TooMuchTime said: What moral dilemma? People actually think Ukraine is some innocent country? I guess those who only watch TV and follow the latest trends do. Two corrupt countries at war is nothing to be involved with. Let God sort those two out. I do not recall any attacks on Russian soil..... 22 1 Link to comment Share on other sites More sharing options...
Popular Post realfunster Posted March 16, 2022 Popular Post Share Posted March 16, 2022 Thai companies have a moral decision to make That’s it, we are <deleted> then. 1 7 Link to comment Share on other sites More sharing options...
Popular Post itsari Posted March 16, 2022 Popular Post Share Posted March 16, 2022 2 hours ago, TooMuchTime said: What moral dilemma? People actually think Ukraine is some innocent country? I guess those who only watch TV and follow the latest trends do. Two corrupt countries at war is nothing to be involved with. Let God sort those two out. Not many countries are innocent of any wrong doing . Let the corrupt leaders of Russia and Ukraine fight it out is your answer to a problem that involves innocent people and the financial stability of the world including Thailand with high energy prices . You may be right yet I have to disagree with you even with the lack of knowledge you claim to have . 9 Link to comment Share on other sites More sharing options...
Popular Post BB1955 Posted March 17, 2022 Popular Post Share Posted March 17, 2022 I doubt Russia will be buying much of anything for a while . 6 Link to comment Share on other sites More sharing options...
Popular Post CartagenaWarlock Posted March 17, 2022 Popular Post Share Posted March 17, 2022 4 hours ago, webfact said: The Thai government does not rely too much on Russia for its energy however continuing to export cars could see European countries along with the USA could end up with expensive sanctions that the country can ill afford. I don't think so. USA has already given green light to India to import Russian oil at discounted prices and said it won't violate any sanctions but India will be on the wrong side of history. USA is not going to punish anybody doing trades with Russia unless they specifically say not to do so. When USA gives green light, no other countries can dare to say anything else. 4 Link to comment Share on other sites More sharing options...
Popular Post hotchilli Posted March 17, 2022 Popular Post Share Posted March 17, 2022 4 hours ago, daveAustin said: Thai companies have a moral decision to make Money number one ???? Thai companies... morals... ???? 2 1 3 Link to comment Share on other sites More sharing options...
Popular Post mikebell Posted March 17, 2022 Popular Post Share Posted March 17, 2022 58 minutes ago, realfunster said: Thai companies have a moral decision to make This is an oxymoron; Thai business and morals should never be linked. 1 5 Link to comment Share on other sites More sharing options...
Popular Post mtls2005 Posted March 17, 2022 Popular Post Share Posted March 17, 2022 (edited) Sanctioned Russia teeters on brink of historic default LONDON, March 16 (Reuters) - The economic cost of Russia's assault on Ukraine was further exposed on Wednesday as the sanctions-hit country teetered on the brink of its first default on international debt since the Bolshevik revolution. Moscow is due to pay $117 million in interest on two dollar-denominated sovereign bonds it sold in 2013. But the limits it now faces in making payments, and talk from the Kremlin that it might pay in roubles - triggering a default anyway - has left even veteran investors guessing at what might happen. https://www.reuters.com/business/finance/sanctions-savaged-russia-teeters-brink-historic-default-2022-03-16/ Edited March 17, 2022 by mtls2005 3 Link to comment Share on other sites More sharing options...
Popular Post smutcakes Posted March 17, 2022 Popular Post Share Posted March 17, 2022 Given PTT just gleefully took over TOTAL's fields in Myanmar as they pulled out, i find it hard to believe they have a moral compass. PTT issued a statement saying that they wanted to protect the provision of energy to the Myanmar people and suggested their motives were purely altruistic. Given this is a State Company, i find it difficult to believe that many will have the 'moral' compass to do anything about Russia which is much further away. 9 Link to comment Share on other sites More sharing options...
alanrchase Posted March 17, 2022 Share Posted March 17, 2022 I suppose they face the same moral dilemma as the US and UK companies that are still operating in Russia. 2 Link to comment Share on other sites More sharing options...
animalmagic Posted March 17, 2022 Share Posted March 17, 2022 4 hours ago, TooMuchTime said: What moral dilemma? People actually think Ukraine is some innocent country? I guess those who only watch TV and follow the latest trends do. Two corrupt countries at war is nothing to be involved with. Let God sort those two out. Countries are not immoral, corrupt or guilty; neither are their entire populations. Immorality, corruption and guilt start at the top when Governments abuse the people's love of their country for their own particular agenda. Often stoked by lies and propaganda to trick their own people. Countries do not start wars or invade other countries people do. As for letting God sort it out it seems strange that this all powerful and omniscient being always seems powerless and ignorant of all the immorality, corruption and guilt in the world. To the best of my knowledge the people of both countries worship at the same church! 1 Link to comment Share on other sites More sharing options...
Mr Meeseeks Posted March 17, 2022 Share Posted March 17, 2022 2 hours ago, IAMHERE said: Can these Thai companies use their Morals; not the Morals dictated by Crist and the western authorities ? You are assuming they have morals. 1 Link to comment Share on other sites More sharing options...
Popular Post Mr Meeseeks Posted March 17, 2022 Popular Post Share Posted March 17, 2022 43 minutes ago, smutcakes said: Given PTT just gleefully took over TOTAL's fields in Myanmar as they pulled out, i find it hard to believe they have a moral compass. PTT issued a statement saying that they wanted to protect the provision of energy to the Myanmar people and suggested their motives were purely altruistic. Given this is a State Company, i find it difficult to believe that many will have the 'moral' compass to do anything about Russia which is much further away. I was about to mention this. ???? You only have to look at how many Thai women sell their bodies to understand concepts of morality here, if there are any. Money Number One. 4 Link to comment Share on other sites More sharing options...
Popular Post huangnon Posted March 17, 2022 Popular Post Share Posted March 17, 2022 4 hours ago, TooMuchTime said: What moral dilemma? People actually think Ukraine is some innocent country? I guess those who only watch TV and follow the latest trends do. Two corrupt countries at war is nothing to be involved with. Let God sort those two out. Exactly. Where was all the self-righteous outrage and virtue signalling when the sovereign invasions and regime-changes in Iraq, Afghanistan, Libya, etc. happened? Mainstream media called it "liberation" and no one blinked an eye. 6 Link to comment Share on other sites More sharing options...
Iamfalang Posted March 17, 2022 Share Posted March 17, 2022 4 hours ago, TooMuchTime said: What moral dilemma? People actually think Ukraine is some innocent country? I guess those who only watch TV and follow the latest trends do. Two corrupt countries at war is nothing to be involved with. Let God sort those two out. Prison rape, death, gang murders, and killing kids because their parents are bad. Murder old people and pregnant women because a Thai poster said their country is corrupt. What country isn’t corrupt?? Tell God to start killing! 1 Link to comment Share on other sites More sharing options...
Colabamumbai Posted March 17, 2022 Share Posted March 17, 2022 6 hours ago, daveAustin said: Thai companies have a moral decision to make Money number one ???? Human life the least of concerns. 1 Link to comment Share on other sites More sharing options...
Popular Post Mr Meeseeks Posted March 17, 2022 Popular Post Share Posted March 17, 2022 Just now, huangnon said: Exactly. Where was all the self-righteous outrage and virtue signalling when the sovereign invasions and regime-changes in Iraq, Afghanistan, Libya, etc. happened? Mainstream media called it "liberation" and no one blinked an eye. They were all ruled by dictators or extremists. Ukraine is a fledgling democracy bordered by, guess what? Another dictatorship. I'm sure the rest you can figure out for yourself. 6 Link to comment Share on other sites More sharing options...
Popular Post TooMuchTime Posted March 17, 2022 Popular Post Share Posted March 17, 2022 (edited) 3 minutes ago, huangnon said: Exactly. Where was all the self-righteous outrage and virtue signalling when the sovereign invasions and regime-changes in Iraq, Afghanistan, Libya, etc. happened? Mainstream media called it "liberation" and no one blinked an eye. Edited March 17, 2022 by TooMuchTime 4 Link to comment Share on other sites More sharing options...
Will B Good Posted March 17, 2022 Share Posted March 17, 2022 2 hours ago, jacko45k said: I do not recall any attacks on Russian soil..... Funnily enough I was going to raise that issue.......presumably Ukraine has the capabilities to bomb a major city, if not Moscow?......or are Russia's air defences so strong it would be a suicide mission. I have not seen any discussion in the press.......but it does seem a conscious decision has been made not to bomb. Link to comment Share on other sites More sharing options...
Popular Post Karma80 Posted March 17, 2022 Popular Post Share Posted March 17, 2022 No need for a moral decision. How exactly in any practical sense can you do business? How do you collect payments, how do you sent goods there and can Russian companies even afford to import? 3 Link to comment Share on other sites More sharing options...
tonray Posted March 17, 2022 Share Posted March 17, 2022 (edited) 3 hours ago, IAMHERE said: Can these Thai companies use their Morals; not the Morals dictated by Crist and the western authorities ? This is not to be understated. Thai Buddhist principles are vastly different than Western Judeo/Christian ethics. It may not be immoral in some cases to do what is considered a 'wrong' if there is a belief that it leads to a greater good (making merit) in the future...or even more simply, Thai Buddhism allows one to make merit in this life to clean up all your messes. Edited March 17, 2022 by tonray 2 Link to comment Share on other sites More sharing options...
Will B Good Posted March 17, 2022 Share Posted March 17, 2022 2 minutes ago, tonray said: This is not to be understated. Thai Buddhist principles are vastly different than Western Judeo/Christian ethics. It may not be immoral in some cases to do what is considered a 'wrong' if there is a belief that it leads to a greater good (making merit) in the future...or even more simply, Thai Buddhism allows one to make merit in this life to clean up all your messes. Sounds just like Catholicism. 2 Link to comment Share on other sites More sharing options...
KhunLA Posted March 17, 2022 Share Posted March 17, 2022 They have a moral obligation to feed their families also. Countries, people & morality ... that's funny. I see a lot of countries drawing the line on their morality, still buying RU energy; oil & gas. Link to comment Share on other sites More sharing options...
Cake Monster Posted March 17, 2022 Share Posted March 17, 2022 11 minutes ago, Karma80 said: No need for a moral decision. How exactly in any practical sense can you do business? How do you collect payments, how do you sent goods there and can Russian companies even afford to import? Already their are possible moves to circumnavigate the Sanctions place upon Russia, its Citizens, and Companies by certain Countries. They are trying to engage Chinese Payment channels such as CIPS and others to get their payments made for goods sent via the Country into Russia. Not a wise thing to do me thinks. Link to comment Share on other sites More sharing options...
huangnon Posted March 17, 2022 Share Posted March 17, 2022 25 minutes ago, Mr Meeseeks said: They were all ruled by dictators or extremists. Ukraine is a fledgling democracy bordered by, guess what? Another dictatorship. I'm sure the rest you can figure out for yourself. No. They were all deemed to be "dictators" and "extremists" as they wanted to trade oil (and other commodities) in other currencies than the USD, and not be controlled by debt. Yet, countries like Saudi Arabia, with horrendous human rights, and the very antithesis of any "democracy" is perfectly okay. 2 Link to comment Share on other sites More sharing options...
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