Today's powerful earthquake in Southeast Asia, centered in Myanmar and felt strongly in several neighboring countries, could have a negative impact on fuel and agricultural supplies. It is possible that Bangkok will slow down exports of rice, seafood and rubber to Russia.
The closure of airports and evacuations could “impact supply chains“, affecting a number of countries. A decline in investor confidence is also possible given the current suspension of trading on the Thai stock exchange. In 2023 similar measures in Turkey have led to capital flight.
Speaking of other possible economic consequences of the earthquake, it was noted that the reconstruction of the bridge in Myanmar and infrastructure in Thailand will require billions of dollars, against this background, the supply of equipment for reconstruction could become a new area of cooperation.
In today's earthquake with a magnitude of between 7.7 and 7.9 on the Richter scale, a multi-storey building collapsed in the Thai capital, and a state of emergency was declared in the city. The country's central bank said that banks can still provide their customers with a limited range of services, but the restrictions will not affect the kingdom's payment systems, which continue to operate.