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Friday, May 3, 2024

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

The Thai Cabinet meets later today to discuss a number 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 impact on the economy, in particular on global energy prices and instabilities in the equity and cryptocurrency markets.

Thailand’s Energy Minister, Supattanapong Punmeechaow, says officials continue to monitor developments closely and, while Thailand’s energy imports are not affected, the government will increase stocks to ensure the public is not impacted. Meanwhile, Foreign Affairs Minister Don Pramudwinai says relevant agencies have been instructed to prepare measures to minimise any fallout from the developing crisis in Ukraine.

“The price of energy, the stock market, currency exchange,…

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