Seoul gets Russian sanctions exemptions from US – By Russia Today Newsroom (Russia Today) / March 3, 2022
Turmoil stemming from the offensive in Ukraine and the West’s drive to punish Moscow will come at a cost to South Korea
Seoul has secured exemptions from US sanctions on exports to Russia for some South Korean products, the government said on Thursday. But it still expects the national economy to be hit hard due to trade disruptions stemming from the war in Ukraine and anti-Russian sanctions.
The US agreed to allow South Korea to sell some goods to Russia, including smartphones, cars and washers, Seoul’s Ministry of Trade, Industry and Energy said on Thursday. Washington will allow the exports as long as it is certain that the products don’t have military applications, US officials reportedly told their South Korean counterparts during a working-level meeting on Tuesday. Among other things, it could allow South Korean firms to supply their factories based in Russia, but that will require examination on a case-by-case basis.
Seoul joined the US-led effort to punish Russia with financial and export sanctions this week, but sought exemptions from Washington. Many South Korean products rely on American technology and software and are thus subject to US national export restrictions. South Korea isn’t on the list of 32 nations who got blanket exemptions from the US Foreign Direct Product Rule (FDPR).
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