KUCHING: Malaysia needs to be prepared against supply chain chokeholds and leaps in prices of raw materials, food, oil and gas following the ongoing conflict between Russia and Ukraine.
Parti Bumi Kenyalang President Voon Lee Shan said most of the Malaysians, especially the middle and low income groups, will be affected most as they may spend a higher share of their incomes on food, petrol for their cars and gas for their domestic use.
He said the government may need to think of piling food, especially sugar, rice and oil to overcome possible food shortages caused by the war.
“The government needs to ensure that the country shall have enough supply of medicines and medical equipment for the needs of the people in the country,” he said in a statement today.
He said the conflict between the two countries could slow down economic activity and cause raising prices of food and materials.
“The ongoing conflicts between the two countries may involve superpowers fighting for supremacy to control the world economy and materials, especially metals, oil and gas.”
“If super powers may get themselves involved directly or indirectly in the war, it is better for us to be prepared for the worst thing to happen affecting Malaysia,” he added.
Voon said there could also be an increase of crimes, unemployment, disease, famine, starvation, inflation and climate change caused by the conflict between Russia and Ukraine.
