South Korea’s government said Monday that it will join the international move to suspend transactions with Russia’s central bank and impose sanctions on Belarus over Russia’s invasion of Ukraine. “The [South] Korean government has decided today, March 7, to join other nations in imposing additional sanctions including the prohibition of transactions with the central bank of Russia,” the foreign ministry said in a statement. The ministry said that it will review and announce details of the sanctions after consulting with relevant government agencies. Belarus, an ally of Russia, will also be subject to new sanctions. The South Korean government said Sunday that it will implement export controls against Belarus for “substantially enabling Russia’s invasion of Ukraine.” The ministry did not specify what sanctions will be implemented against Belarus, but stated that they would be comparable to those already taken by South Korea against Russia. “The [South] Korean government strongly condemned …
South Korea Joins Sanctions Against Russian Central Bank and Belarus
March 8, 2022
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Asia & PacificBelarusBusiness & Economyeconomic policieseconomyEuropeMarketsRussia-Ukraine tensionsRussia-Ukraine WarSamsungSouth KoreaWorld
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