Amid war in Ukraine, Malaysia opens door to supplying electronics and semiconductors to Russia
Despite the fact that Western countries are trying to isolate Russia for its unwarranted attack on Ukraine by imposing harsh sanctions, some countries are reluctant not to jeopardize their relations with Russia, as it has been announced that Malaysia was ready to consider supplying electronics and semiconductors to Russia if requested.
According to RIA Novosti, Malaysia’s Ambassador to Moscow, Bala Chandran, said the country would consider any request from Russia for the sale of semiconductors and electronics.
Chandran also said Malaysia’s economy is market driven and he is confident that any product demand from the Russian side will be accommodated. He further stated that he was not aware of any government-level conversations at this time, but expressed hope for business-to-business interaction with the Russian Federation. The ambassador also said he was delighted that people believed Malaysia had the potential to become a supplier of high-tech equipment to Russia.
Malaysia is one of the world’s leading exporters of semiconductors
With an annual volume of $8.7 billion, Malaysia is one of the world’s leading exporters of semiconductors. The Malaysian electronics sector represents more than 6% of the country’s GDP. The Ambassador also affirmed that Malaysia is a trading state and therefore its trading sector will meet the demand and supply of products in the global market, including semiconductors, electronics and gadgets. electronics. Malaysia and Vietnam have agreed to refrain from supporting Russian sanctions.
After Russia began military aggression against Ukraine on February 24, Western countries retaliated by imposing broad sanctions on Moscow, focusing on the banking sector and the supply of high-tech goods. Several companies have said they will no longer operate in Russia as a result of his action in Ukraine. Russia has reprimanded these actions, declaring that these actions are nothing but economic warfare.
Aviation problem in Malaysia due to Russian-Ukrainian conflict
Meanwhile, Malaysia Airlines Bhd’s parent company, Malaysia Aviation Group (MAG), said on Thursday that the Russian-Ukrainian conflict has posed challenges in managing MAG’s operating costs, which are directly affected by the fuel prices rise as global crude oil prices rise above US$100 a barrel, according to The Edge Markets.
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