However, Russia, being an important producer of aluminum and palladium -used in catalytic converters- could affect the production chains of the automotive industry, something that would hit Mexico, already affected by the lack of semiconductors and the bottle on logistics routes.
Not everything is bad
Without ringing the bells, Alberto Gómez, from Citibanamex, and Juan Carlos Baker, from the UP, agreed that if the price of energy sources such as gas and oil increases, it would be convenient for Mexico, and for Pemex, in terms of exports. of crude.
On Wednesday the barrel traded in London exceeded 105 dollars.
But, there is always a “but”, the public finances will suffer the increase in prices due to the gasoline subsidies.
“It will focus on good short-term news in terms of income for Pemex and a greater subsidy in public finances due to the gasoline subsidy with little inflationary impact and in the pockets of Mexicans,” said Gómez Alcalá.
What can Mexico do?
Mexico, being a member of the UN Security Council, has to help in the discussions taking place in New York.
“Mexico, attached to the principles of foreign policy that our Constitution has, condemning the invasion, has to support the peaceful resolution of this conflict and, also, support the allies. There is no doubt that the United States will do something, “said Baker.
With information from Luz Elena Marcos
