Latest Breaking News On - Manila the ukraine russia conflict is expected to havea limited direct impact on philippines 39 trade sector - Page 1 : vimarsana.com

MANILA - The Ukraine-Russia conflict is expected to have a limited direct impact on the Philippines' trade sector, a Bangko Sentral ng Pilipinas (BSP) official said Friday. The Philippines' total exports to Russia in 2021 amounted to about USD120 million, or about 0.2 percent of its total exports, while the country's exports to Ukraine totaled USD5 million, BSP Department of Economic Research Managing Director Zeno Ronald Abenoja said in a virtual briefing aired over the central bank's Facebook page. Philippine imports to Russia in the same year comprised 0.6 percent of its total imports, and for Ukraine, 0.1 percent, Abenoja said. "These numbers indicate that direct trade linkages are quite very, very low. However, probably the impact, the possible ramifications of the tensions in the European region, could be traced more on the impact of the escalation on our major trading partners, including EU (European Union) and the US," he said. Abenoja said the war'

Zeno ronald abenojaBangko sentralDepartment of economic researchEu european unionEuropean unionMonetary boardManila the ukraine russia conflict is expected to havea limited direct impact on philippines 39 trade sectorA bangko sentral ng pilipinas bsp official said friday the philippines 39 total exports to russia in 2021 amounted about usd120 millionR about 0 2 percent of its total exportsHile the country 39s exports to ukraine totaled usd5 millionSp department of economic research managing director zeno ronald abenoja said ina virtual briefing aired over the central bank 39s facebook page philippine imports to russia in same year comprised 0 6 percent its totalNd for ukraine9 1 percentBenoja said quot these numbers indicate that direct trade linkages are quite veryEry low howeverRobably the impact