Government to discuss measures to mitigate economic fallout from Russian invasion of Ukraine

Premiere meets later at present to discuss a quantity of measures aimed at mitigating the fallout from Russia’s invasion of Ukraine, according to a Bangkok Post report. Government spokesman Thanakorn Wangboonkongchana says PM Prayut Chan-o-cha will meet with officials to discuss the impression on the economy, specifically on international vitality costs and instabilities within the equity and cryptocurrency markets.
Thailand’s Energy Minister, Supattanapong Punmeechaow, says officials continue to monitor developments intently and, whereas Thailand’s power imports aren’t affected, the government will enhance stocks to make sure the basic public just isn’t impacted. Meanwhile, Foreign Affairs Minister Don Pramudwinai says relevant companies have been instructed to prepare measures to minimise any fallout from the developing disaster in Ukraine.
“The price of power, the stock market, forex exchange, trade, and investments are among points the prime minister touched on and urged authorities involved to make comprehensive plans for in case (the crisis) escalates further.”
The Bangkok Post stories that Don has welcomed news of talks between Ukraine and Russia.
“International politics is sophisticated and we can’t take it at face worth. We hope that the worldwide neighborhood will cooperate significantly to resolve this battle and have it contained.”
The Finance Ministry additionally plans to hold talks with the Bank of Thailand to prepare for any future impact on the Thai economic system. Value says the talks will give consideration to the choice by the US and its allies to cut off some Russian banks from the Swift monetary system, crippling their access to worldwide transactions.
“We’re intently monitoring the state of affairs and assessing the method it will affect the tourism and exports sectors.”

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