Russian Invasion to Shrink Ukraine Economy by 45 Percent

The war is also hitting hard the emerging and developing economies of Europe and Central Asia, a region that was already heading for an economic slowdown this year from the ongoing effects of the pandemic

How the Russia-Ukraine Conflict is Affecting Businesses in Vietnam

Vietnam-based businesses are already facing challenges regarding trade with Russia and Ukraine. Several businesses have complained about rising transport costs as Russian banks have been cut from SWIFT, the leading international payment system.

Thailand braces for growth aftershocks from Ukraine war

The coming sanctions against Russia will also likely hurt not only Russia but also the US, the West, and emerging markets, especially if they are highly dependent on the export of goods and service like Thailand.

Russian Tourists Struggle to Leave Thailand Amid Russia-Ukraine Crisis

While Thailand has not prohibited Russian flights, international airspace restrictions have caused some companies, including Russia’s flagship Aeroflot, to cancel services, forcing tourists to seek alternative routes, such as through the Middle East with different carriers.

How War in Ukraine Is Reverberating Across World’s Regions

The biggest effects on current accounts will be in the petroleum importers of ASEAN economies, India, and frontier economies including some Pacific Islands. This could be amplified by declining tourism for nations reliant on Russian visits.

Thailand Warns of Increased Cyber Threats Amid Russia-Ukraine Conflict

NCSA Deputy Secretary-General Gp Capt Amorn Chomchoey said 12 cyber attacks linked to the Russia-Ukraine conflict have been reported since January 13, mostly targeting key infrastructures such as banks, border control agencies, and news websites.

253 Thai workers to be evacuated from Ukraine

The Permanent Representative of Thailand to the United Nations has expressed support for a diplomatic solution regarding the Russia-Ukraine crisis, while the Thai embassy in Poland also stated that the situation in Ukraine is very tense and volatile and some roads have been blocked, making travel over land by private and public transport very difficult.

Vietnam to Increase Production of Russia’s COVID-19 Vaccine

An initial investment of around US$60-US$70 million will enable the technical implementation of the project to begin in early 2022 before full-fledged production starts in early 2023. The facility is expected to produce some 40 million doses of the two-component vaccine per year.