South Korea is monitoring the Russia-Ukraine crisis to assess its impact on energy prices, or possible disruptions to supply chains, says its trade minister.
A senior Biden administration official said Wednesday that many as 7,000 troops have joined the 150,000 already near the border in recent days. That's despitea day earlier, that the Kremlin was starting a partial drawdown of its troops along the Ukrainian border, and returning them to their base.
We believe that no one country can own the whole supply chain in semiconductor or any other industry.The military tensions have sparked concerns that Russia may be preparing to invade the country, and set off fears of a repeat of the Kremlin's illegal annexation and occupation of Crimea in 2014. Moscow has repeatedly denied those allegations.'Early warning system' for supply chains
The finance minister told CNBC that his country is already taking steps to manage its supply chain risk.Yeo said the government is trying to work out which critical raw materials could be vulnerable. "We are trying to identify all these critical raw materials which could disrupt our supply chain and then for example, if we depend on one or two countries [for] too much of this critical raw material, that could be also vulnerable," he said.
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