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SEOUL – South Korea will tighten export controls in opposition to Russia, by banning exports of strategic objects, and be part of Western nations’ strikes to dam some Russian banks from the SWIFT worldwide funds system, Seoul’s overseas ministry stated on Monday.
The Korean authorities has additionally determined to advertise the extra launch of strategic oil reserves for stabilization of the worldwide vitality market and to additional evaluate different measures such because the resale of LNG to Europe, the ministry stated in assertion.
UKRAINE FM SLAMS ‘TRAITORS TO HUMANITY’ FOR LEAVING RUSSIA SWIFT LOOPHOLES: ‘MONEY SOAKED IN OUR BLOOD’
“The Korean authorities condemned Russia’s armed invasion of Ukraine and, as a accountable member of the worldwide group, determined to actively take part within the worldwide group’s efforts, together with financial sanctions, for a peaceable decision of the scenario,” the assertion stated.
A truck strikes a transport container at Pyeongtaek port in Pyeongtaek, South Korea, July 9, 2020. (REUTERS/Kim Hong-Ji/Recordsdata / Reuters)
Among the many strategic objects that can be managed are provides of electronics, semiconductors, computer systems, data and communications, sensors and lasers, navigation and avionics, and marine and aerospace tools.
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South Korea will enhance humanitarian assist to Ukraine, the ministry added, saying its selections have been formally notified to the U.S. authorities via diplomatic channels.
On this picture constructed from video launched by the Russian Presidential Press Service, Russian President Vladimir Putin addressees the nation in Moscow, Russia, Thursday, Feb. 24, 2022. (Russian Presidential Press Service by way of AP / AP Newsroom)
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