South Korea announced this last February 28 that it has prohibited the export of strategic materials from Russia and analyzes joining the Russian international blockade of the SWIFT system due to the invasion of Ukraine.
According to Foreign Ministry sources told the Yonhap agency, the South Korean nation plans to leave Russian banks out of the international transaction system. SWIFT. The measure has already been notified to Washington through diplomatic channels.
In this way, South Korea is in tune with the European Union, USAJapan and other countries of the G7after they have done the same with semiconductors and other high-tech goods such as telecommunications equipment, lasers or sensors to entities linked to the Russian defense industry.
The transaction system SWIFT it is the basis of the global financial architecture and is used by 11,000 banks in 200 countries or territories to be able to make transfers.
The White House, the United Kingdom, the EU and Canada promoted Russia’s blockade of SWIFT. The measure was applied to some Russian banks and also includes restrictions on the international reserves of the Russian central bank, which will become effective “in the coming days,” the nations had advanced in a joint statement. Now, South Korea is doing the same as a way to pressure Vladimir Putin for his decision to invade Ukrainian territory.
With information from EFE.
Source: Larepublica
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