Ukraine tensions can choke supply of energy, food for S'pore and Asia

A photo released on Jan 28 shows artillery and anti-aircraft drills in Ukraine's Kherson region, near the border with Russian-annexed Crimea. PHOTO: REUTERS
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SINGAPORE - Far away from Singapore, there is a conflict brewing in eastern Europe that can make a bad situation worse in the global commodities markets and in turn cause problems here.

The stand-off between Russia and the West over Ukraine can add more volatility in energy and food prices, which are already in flux, and further boost inflation in Singapore and elsewhere by adding to the supply constraints caused by the pandemic.

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