Ministry of Foreign Affairs: "Comprehensive Export Controls on Russia in Full-Scale War... Reviewing Measures to Minimize Corporate Damage" (Summary)
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[Asia Economy Reporter Lee Ji-eun] The South Korean government announced on the 24th that it is consulting with allied countries on response measures regarding the situation in Ukraine, and if Russia launches a full-scale war, it will have no choice but to join sanctions such as export controls against Russia.
The Ministry of Foreign Affairs stated, "Despite repeated warnings from the international community, if Russia launches a full-scale war in any form, our government clearly states that it will have no choice but to participate in sanctions such as export controls against Russia."
It added, "The government plans to review possible measures and provide support to minimize any damage to our economy and businesses that may arise from these actions."
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The Ministry of Foreign Affairs also said, "Considering the overall situation, it can be seen that Russia's invasion of Ukraine is imminent," and "Our government is closely consulting with allies such as the United States on response measures."
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