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Ukraine war

ASEAN faces 'collateral damage' from Ukraine war's Europe impact

From Singapore to Thailand, spillover threatens COVID-hit economies anew

A containership off Singapore: Europe accounts for 9% of ASEAN exports, according to Maybank.   © Reuters

SINGAPORE -- The Russia-Ukraine war is threatening Southeast Asia's economic recovery from the pandemic -- if not always directly, then by dealing damage via Europe.

While analysts have downplayed the Association of Southeast Asian Nations' economic exposure to Russia and Ukraine, they caution that a protracted conflict that hurts the European Union will have spillover effects, hitting everything from trade to tourism.

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