Seoul decides to tighten export restrictions on Russia
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Seoul has finally decided on the decision to expand the list of goods subject to export restrictions for export to Russia, RIA Novosti reports with reference to the Ministry of Trade, Industry and Energy of the Republic of Korea.
Reportedly, the decision also applies to Belarus. Now the number of varieties of goods subject to export control for export to the Russian Federation and Belarus will be 798, while before there were only 57.
As reported, the updated export control regime will be launched in full mode from April 28. The updated list includes 741 positions, including industrial and construction equipment, goods in the steel, chemical industries, automotive industry, parts for cars over $50,000, conductors and quantum computers, and parts for them.
The ministry said that preparations for this step have been underway since February 24, and all necessary procedures have already been completed. At the same time, companies that received an export permit before April 27 will not need to re-register documents. Each application will be reviewed individually, and there may be exceptions for companies that meet all the requirements. At the same time, the specific content of the requirements was not announced in the department.
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