The Ministry of Trade, Industry and Energy of South Korea announced on March 24 that from March 26, export controls will be introduced for 57 non-strategic goods and technologies to Russia and Belarus.
Earlier, the Korean government decided to control exports to Russia at a level similar to the economic sanctions that the United States and the European Union (EU) imposed on Russia after the escalation of the situation in Ukraine.
South Korean companies that want to export goods on the export control list to Russia and Belarus must go through a separate approval process starting March 26.
We will take into account the approval standards in accordance with Article 22 of the Notice of Import and Export of Strategic Materials, and also turn to the enhanced verification standards of the international community.
South Korean government spokesman
Source: ixbt
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