Published by
The Bangkok Post
The Bangkok Post
Economy hit by war fallout Oil hikes and volatile rouble hit home The Russia-Ukraine crisis has already hit Thailand’s import and export trade, with both manufacturers and consumers suffering the indirect results of rising oil prices causing a spike in inflation, the government said on Sunday. Close analysis of downward trends in trade volumes since the fighting broke out reveal a correlation that most exports attribute to the volatility in the value of the Russian ruble, said Deputy Prime Minister and Commerce Minister Jurin Laksanawisit. As a result, Thai businesses have reduced volumes of t…