A Total of 500 Items Including Semiconductor Devices Are Prohibited or Restricted for Export by Russia

[Asia Economy Reporter Hwang Yoon-joo] The Russian government has announced a total of 500 export ban and restriction items in response to Western sanctions, including semiconductor devices and electronic integrated circuits (ICs).

The Ministry of Trade, Industry and Energy announced on the 12th that it obtained and analyzed the detailed list of export ban and restriction items announced by Russia on the 9th, confirming that there are 219 export ban items and 281 restricted items.

The export ban items subject to export control by the Russian Customs Service include semiconductor devices and electronic ICs.

Restricted items are managed for export permits by five ministries, including the Russian Ministry of Industry and Trade and the Ministry of Natural Resources and Environment.

Earlier, the Russian government announced that it would ban the export of certain items to all foreign countries except Eurasian Economic Union (EAEU) member states, Abkhazia, and South Ossetia until the end of this year, as a measure to prevent domestic supply shortages and price increases.

Among the 48 countries designated as unfriendly by Russia, including South Korea, the export of certain types of timber is also restricted.

However, the Russian government specified that "goods originating from Russian territory" are exempt from export bans and restrictions.

Additionally, exports to the EAEU, Abkhazia, South Ossetia, Donetsk, and Luhansk, Russian goods in transit, exports to support overseas Russian military activities, international transport vehicles, and personal goods exported by individuals are also exempt items.

The Ministry of Trade, Industry and Energy is currently translating the entire document, including the total 500 target items, and plans to share it with companies as soon as possible. It will also review the impact on domestic companies through supply chain inspection meetings.

This content was produced with the assistance of AI translation services.