South Korea Expands Prohibited Goods List for Export to Russia and Belarus
ICARO Media Group
In response to Russia's invasion of Ukraine, the South Korean government has announced an expansion of its export controls, imposing restrictions on the trade of certain goods with Russia and Belarus. The Ministry of Trade, Industry and Energy revealed that a total of 682 new items have been added to the list of goods prohibited for export to these countries. This decision comes as part of South Korea's effort to prevent the potential use of these goods for military purposes.
The revised rules on trade in strategic goods now include heavy construction equipment, batteries, and aircraft components among the newly restricted items. With the addition of these goods, the total number of items banned for export to Russia and Belarus from South Korea has risen to 1,159.
While these goods are not classified as strategic items under South Korea's export control scheme, they are believed to hold a high probability of being used for military purposes. Therefore, the government has decided to tighten the restrictions to prevent any potential support to Russia's war against Ukraine.
This move by South Korea follows the footsteps of other nations, such as the United Kingdom, which recently approved a law to impose restrictions on goods, technologies, and funding sources that could aid Russia's actions in the conflict with Ukraine.
As tensions continue to escalate in the region, South Korea's decision reflects its commitment to promoting peace and stability in Ukraine. The government's efforts to expand export controls seek to ensure that its trade practices align with the international community's stance against Russia's invasion.
In addition to these measures, South Korea has also demonstrated its solidarity with Ukraine by delivering 10 demining vehicles to Ukrainian rescuers. The country's support for Ukraine highlights its determination to assist in efforts to rebuild and recover from the devastating impacts of the conflict.
As the situation evolves, it remains to be seen how these export control measures will affect trade relations between South Korea, Russia, and Belarus. The decision reflects a broader global response to Russia's actions and emphasizes the international community's commitment to resolving the conflict peacefully.
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