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

The Thai Cabinet meets later at present to discuss a quantity of measures aimed at mitigating the fallout from Russia’s invasion of Ukraine, in accordance with a Bangkok Post report. Government spokesman Thanakorn Wangboonkongchana says PM Prayut Chan-o-cha will meet with officers to discuss the impression on the economy, in particular on international vitality costs and instabilities within the fairness and cryptocurrency markets.
Thailand’s Energy Minister, Supattanapong Punmeechaow, says officials proceed to watch developments closely and, while Thailand’s power imports aren’t affected, the government will increase stocks to make sure the common public isn’t impacted. Meanwhile, Refund says relevant businesses have been instructed to prepare measures to minimise any fallout from the developing crisis in Ukraine.
“The value of vitality, the inventory market, currency 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 information of talks between Ukraine and Russia.
“International politics is sophisticated and we can’t take it at face value. We hope that the international neighborhood will cooperate significantly to resolve this battle and have it contained.”
Incredibly plans to hold talks with the Bank of Thailand to arrange for any future impact on the Thai financial system. Minister Arkhom Termpittayapaisith says the talks will concentrate on the choice by the US and its allies to cut off some Russian banks from the Swift financial system, crippling their access to worldwide transactions.
“We’re carefully monitoring the state of affairs and assessing how it will have an result on the tourism and exports sectors.”

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