Impact of sensitive products of products to Russia
The United States still strictly monitors suspected countries for assist in Russia in obtaining priority goods supporting its defense industry.
According to data cited from Regtechtimes via Sindonews.com, the export of sensitive goods to Russia increased rapidly. In 2022, the worth of exports was recorded about USD 8.3 million, but increased to USD 98.7 million in 2023 – a surprising increase by over 1000%.
This trend lasted until 2024, and exports still reached a high level of about 90 million USD. This significant increase suggests that despite international sanctions, Russia has managed to secure key deliveries from its trading partners, including Thailand.
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American sanctions towards Thai corporations
To limit the flow of strategic goods to Moscow, the US government imposed sanctions on several Thai corporations involved in trade in goods with double use-components, which might be used for each civil and military purposes.
This export includes such products as microchipe, ball bearings and various other electronic components, that are currently under control resulting from their potential for supporting Russian military operations. These sanctions are a part of the broader US policy to limit Russia’s access to technology and materials that might strengthen its defense sector.
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Thailand’s response and the impact of sanctions
Until now, most Thai corporations encountering sanctions either refused to comment, or were unavailable to clarification. Despite the repeated calls to take up a position, the Thai government must still issue a transparent response to Washington’s pressure.
The Thai authorities didn’t take any specific actions to unravel these sanctions, which further strengthen the perception that the country is reluctant to take a position within the evolving geopolitical conflict.
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Thailand’s attitude on Russia and the potential Western pressure
Among the growing pressure from the USA and its allies, Thailand seems to preserve close relationships with Russia. In 2023, the then Minister of Thailand openly emphasized the importance of economic cooperation with Moscow, emphasizing that industrial relations between the 2 countries remained strong despite various Western restrictions.
The current administration seems to proceed this approach, showing no signs of a change in a neutral attitude regarding the conflict of Russia-Ukraina. This position can put Thailand under an increased evaluation of Western nations, especially if the export of sensitive goods to Russia continues.
