{"id":544341,"date":"2022-02-28T14:00:02","date_gmt":"2022-02-28T14:00:02","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/28\/russia-ukraine-war-impacts-supply-of-sunflower-oil-chips-and-car-parts-cyberattacks-are-continuing-the-warfare-on-another-front\/"},"modified":"2022-02-28T14:00:02","modified_gmt":"2022-02-28T14:00:02","slug":"russia-ukraine-war-impacts-supply-of-sunflower-oil-chips-and-car-parts-cyberattacks-are-continuing-the-warfare-on-another-front","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/28\/russia-ukraine-war-impacts-supply-of-sunflower-oil-chips-and-car-parts-cyberattacks-are-continuing-the-warfare-on-another-front\/","title":{"rendered":"Russia-Ukraine war impacts supply of sunflower oil, chips, and car parts + Cyberattacks are continuing the warfare on another front"},"content":{"rendered":"

<\/a> Latest commodity victim of the Russia-Ukraine war: Sunflower oil. <\/strong>Russia\u2019s ongoing war on Ukraine has sent a slew of commodity prices surging, including wheat, natural gas, and sunflower oil, the Wall Street Journal<\/a> reports. The two countries together account for 80% of the world\u2019s supply of sunflower oil, which is now threatened by port closures in Ukraine, Western sanctions on Russia, and shipping disruptions, the newspaper reports. Egypt imported around 54.5%<\/a> of its sunflower oil from Ukraine in 2020, according to the most recent data, with the price of the subsidized oil \u2014 which is now reviewed on a quarterly basis \u2014 surging 23.5%<\/a> last May.<\/p>\n

The automotive industry, which was already struggling with the <\/strong>global chip crisis<\/a><\/strong>,<\/strong> is now<\/strong> facing unexpected war-induced supply chain disruptions: <\/strong>Car factories across Europe have been shutting down since Russia\u2019s invasion of Ukraine threatened to disrupt the supply of car components crucial to the production of semiconductors<\/a> and batteries, among other crucial goods for the industry, the WSJ adds. \u201cUkraine is not central to our supply chain, but suddenly we discovered that when this part is missing, it is,\u201d said a spokesman from Volkswagen, which was forced to halt production at its plants in Germany due to supply chain disruptions in Ukraine.<\/p>\n

<\/a> And ongoing cyberattacks aren\u2019t helping: <\/strong>Toyota suspended all its Japan operations today after one of its component suppliers was the target of a suspected cyberattack, according to Reuters<\/a>. The stoppage will lead to the foregone production output of 13k cars that would have been manufactured. The attack came just after Japan joined the West in sanctioning Russia<\/a>, but it\u2019s unclear if the two incidents are related.<\/p>\n

The cyberattacks aren\u2019t just targeting companies: Hackers are using Facebook to target<\/strong> individual Ukrainian officials. <\/strong>Over the past two days, Facebook parent company Meta uncovered around 40 fake accounts across Facebook and Instagram operating from Russia and Ukraine that have been targeting Ukrainian military officials and public figures, Meta Platforms<\/a> said in a statement. Meta pointed the finger at Ghostwriter, a group which has been previously linked to \u201cmalicious cyber activities<\/a>\u201d targeting members of parliament, government officials, politicians, and members of the press and civil society in the EU. Facebook parent Meta called on those residing in Russia or Ukraine to ensure the security of their online accounts.<\/p>\n

Speaking of which: Your choice of internet passwords are probably not exactly<\/strong> Fort Knox.<\/strong> As cybersecurity experts predict a global surge in cyberattacks amid the Russia-Ukraine war (as shown above), it may be time to review some of the passwords you use, as mobile security firm Lookout reports that leaked credentials on the dark web often have similar passwords. The list of passcodes includes basic numbers like \u201c123456\u201d and unsophisticated, memorable phrases like \u201cIloveyou\u201d, CNBC reports<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Latest commodity victim of the Russia-Ukraine war: Sunflower oil. Russia\u2019s ongoing war on Ukraine has sent a slew of commodity prices surging, including wheat, natural gas, and sunflower oil, the Wall Street Journal reports. The two countries together account for 80% of the world\u2019s supply of sunflower oil, which is now threatened by port closures […]<\/p>\n","protected":false},"author":1,"featured_media":544342,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7215],"tags":[144,317,1232,633,647,638,704,7198,1095,1233,1231],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-544341","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-for-your-commute","tag-automotive","tag-commodities","tag-cyberattacks","tag-enterprisepm","tag-facebook","tag-for-your-commute","tag-instagram","tag-meta","tag-russia-ukraine-war","tag-sunflower-oil","tag-toyota","wpautop","entry"],"acf":{"mongo_id":"0cc9d679-7bff-41a6-b1d3-27bb147d5101","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/2\/566.jpg","photo_position":"above","related_issue":[544337],"teaser":"","voice_url":""},"yoast_head":"\nRussia-Ukraine war impacts supply of sunflower oil, chips, and car parts + Cyberattacks are continuing the warfare on another front - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/02\/28\/russia-ukraine-war-impacts-supply-of-sunflower-oil-chips-and-car-parts-cyberattacks-are-continuing-the-warfare-on-another-front\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Russia-Ukraine war impacts supply of sunflower oil, chips, and car parts + Cyberattacks are continuing the warfare on another front\" \/>\n<meta property=\"og:description\" content=\"Latest commodity victim of the Russia-Ukraine war: Sunflower oil. 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Some 300k tons of wheat booked for February and March delivery for Egypt are currently stranded in Ukrainian ports due to Russia\u2019s blockade of\u2026","rel":"","context":"In "Commodities"","block_context":{"text":"Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/5\/275.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":638398,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/03\/supply-ministry-purchases-52500-tonnes-of-sunflower-soy-oil\/","url_meta":{"origin":544341,"position":1},"title":"Supply Ministry purchases 52,500 tonnes of sunflower, soy oil","author":"enterpriseam admin","date":"3 October 2017","format":false,"excerpt":"The Supply Ministry purchased 30k tonnes of unrefined soy oil and 22.5k tonnes of unrefined sunflower oil for a total EGP 750 mn, Al Mal reports. The country\u2019s strategic reserves of cooking oil are now sufficient to cover three months of consumption, according to the ministry.","rel":"","context":"In "Basic Materials + Commodities"","block_context":{"text":"Basic Materials + Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/basic-materials-commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":642726,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/21\/gasc-issues-tender-for-soy-oil-sunflower-oil\/","url_meta":{"origin":544341,"position":2},"title":"GASC issues tender for soy oil, sunflower oil","author":"enterpriseam admin","date":"21 August 2017","format":false,"excerpt":"The General Authority for Supply Commodities (GASC) said it is seeking soy oil and sunflower oil in a tender, Reuters reports. GASC is looking to purchase at least 10,000 tonnes of sunflower oil by 1-15 October and 30,000 tonnes of soy oil by 15-30 October. GASC is also seeking EGP-denominated\u2026","rel":"","context":"In "Basic Materials + Commodities"","block_context":{"text":"Basic Materials + Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/basic-materials-commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":641146,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/09\/13\/gasc-purchases-16500-tonnes-of-sunflower-oil\/","url_meta":{"origin":544341,"position":3},"title":"GASC purchases 16,500 tonnes of sunflower oil","author":"enterpriseam admin","date":"13 September 2017","format":false,"excerpt":"The General Authority for Supply Commodities(GASC) bought 16,500 tons of sunflower oil,Al Mal reports. The price came in at just shy of USD 800 a ton for a total just under USD 14 mn.","rel":"","context":"In "Basic Materials + Commodities"","block_context":{"text":"Basic Materials + Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/basic-materials-commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":578868,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/17\/five-consortiums-bid-to-build-three-cooking-oil-complexes\/","url_meta":{"origin":544341,"position":4},"title":"Five consortiums bid to build three cooking oil complexes","author":"enterpriseam admin","date":"17 January 2023","format":false,"excerpt":"Five local and international consortiums have submitted offers to establish three cooking oil complexes with investments of up to USD 321 mn, a Supply Ministry source told Enterprise, confirming comments attributed to Supply Minister Ali El Moselhy by local media. Our source declined to disclose the names of the bidding\u2026","rel":"","context":"In "Infrastructure"","block_context":{"text":"Infrastructure","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/infrastructure\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/1\/272.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":634496,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/16\/gasc-receives-offers-in-soy-and-sunflower-oil-tender\/","url_meta":{"origin":544341,"position":5},"title":"GASC receives offers in soy and sunflower oil tender","author":"enterpriseam admin","date":"16 January 2018","format":false,"excerpt":"\u00a0The General Authority for Supply Commodities (GASC) has received offers for a soy and sunflower oil tender issued yesterday, Cairo-based traders tell Business Recorder. Aston presented the best and lowest price for sunflower oil, offering up 11,500 tonnes at USD 793 per tonne. GASC is looking to see the oil\u2026","rel":"","context":"In "Basic Materials + Commodities"","block_context":{"text":"Basic Materials + Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/basic-materials-commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/544341","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=544341"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/544341\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/544337"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/544342"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=544341"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=544341"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=544341"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=544341"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=544341"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}