Ministry of Industry Launches 'Russia Desk' for Urgent Review of Ukraine Situation

Russian military armored vehicles loaded on a train arriving at a station near the Ukraine border
(Rostov AP=Yonhap News) Amid rising tensions surrounding Ukraine, on the 23rd (local time), armored vehicles are lined up on a train at a railway station near Rostov-on-Don, Russia, which borders Ukraine. Russia has decided to deploy troops to the Donbas region in eastern Ukraine under the pretext of peacekeeping and is reinforcing its forces in the border area. 2022.2.24
sungok@yna.co.kr
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[Asia Economy Sejong=Reporter Lee Junhyung] The government is officially launching the 'Russia Desk' to minimize damage to domestic companies caused by the Ukraine crisis.

The Ministry of Trade, Industry and Energy announced that Yeohangoo, the head of the Trade Negotiation Headquarters, visited the Russia Desk on the 24th to urgently review the current response status and future plans. The ministry established the Russia Desk at the Strategic Materials Management Institute the day before in preparation for the U.S. export controls against Russia.

The Russia Desk is a dedicated consultation window for export companies. To minimize uncertainties related to exports and investments of domestic companies, it identifies U.S. export control items and procedures, shares them with the industry, and continuously receives corporate difficulties arising from the Ukraine crisis. Four dedicated staff members closely support export companies by providing export control information, corporate consultations, and legal analysis.

Organizational chart of the 'Russia Desk' at the Ministry of Trade, Industry and Energy. [Photo provided by the Ministry of Trade, Industry and Energy]

Head Ye said, "As military tensions surrounding Ukraine escalate and the situation develops rapidly, timely information provision, consultations, and proactive dedicated support services for our companies have become crucial," adding, "We will make every effort to alleviate our companies' concerns, resolve issues, and prepare support measures in connection with the Ministry's physical economy response system for the Ukraine crisis."

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