Taiwan unveils new sanctions against Russia, targeting high-tech exports

Taiwan unveils new sanctions against Russia, targeting high-tech exports
# 07 April 2022 08:47 (UTC +04:00)

Taiwan has imposed fresh sanctions against Russia that target the export of 57 high-tech commodities, the island's Ministry of Economic Affairs (MOEA) said in a statement Wednesday, APA reports citing CNN.

The items include designated telecommunications equipment, integrated circuit parts and variable-frequency drives that can be used for both civil and military purposes, according to Taiwan’s state-run Central News Agency (CNA).

The sanctions are effective immediately, MOEA said, adding the expanded export controls are in line with international sanctions to “enhance regulations on the exportation and flow of strategic high-tech commodities (SHTC) to Russia.”

“Russia's ongoing invasion of Ukraine has posed a clear threat to international peace,” MOEA said.

Exporters must apply for licensing with the Bureau of Foreign Trade (BOFT) to export the listed commodities to Russia, according to MOEA.

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