Ukraine’s losses are China’s gains

The official Chinese position has remained consistent with the statement made by Chinese Foreign Minister Wang Yi in February 2022 at the outbreak of the war: China is concerned with the violence and wants it to stop. It maintains that the territorial integrity and security interests of all parties need to be respected.

Thai Exports miss forecast over Ukraine war, China lockdown

Exports – a key driver of Thai growth – increased 9.9% in April from a year earlier, missing a forecast 14.6% rise in a Reuters poll, and against March’s 19.5% jump.

Sanctions against Russia should not derail Thailand’s economic recovery says BoT

The effects of sanctions against Russia should not derail the overall economic recovery path said the Bank of Thailand in its latest issue of the minutes of the Monetary Policy Committee Meeting.

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.

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.

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.