Korea says no confirmed fuel exports to Russia, vows strict enforcement of export controls
Korea is strictly enforcing its export controls on Russia, the foreign ministry said Thursday, stressing that no exports of commercial petroleum products to Russia have been confirmed through customs clearance procedures. Currently, Korea prohibits exports of strategic items to Russia and subjects an additional 1,402 non-strategic items that could potentially be used for military purposes to…
South Korea has reaffirmed its commitment to strict enforcement of export controls on Russia, according to the foreign ministry. The ministry stated that no confirmed fuel exports to Russia have been recorded through customs clearance procedures, emphasizing the country's prohibition of exports of strategic items to Russia and imposing additional export authorizations for 1,402 non-strategic items that could potentially be used for military purposes.
This move comes after a significant reduction in outbound shipments to Russia, from $10 billion in 2021 to $4 billion in 2025, as South Korea joins international efforts to maintain peace through export controls, despite the economic burden on companies and the public.
Brief written by urgent.news from The Korea Times's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
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