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Bangkok Post
Bangkok Post
Business

FTI fears Ukraine impact on car exports

Ukraine FTI United States Federation of Thai Industries Russia
Ukrainian tanks move into Mariupol after Russian President Vladimir Putin authorised a military operation in eastern Ukraine on Thursday. (Reuters photo)

The Federation of Thai Industries (FTI) is worried the Russia-Ukraine crisis may affect car exports, which already dropped by 5.8% in January because of the prolonged global semiconductor shortage.

The invasion of Ukraine and resulting sanctions to be imposed by the US and its allies are not good for the global economy, said the federation.

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