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Global Trade Alert

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Republic of Korea: Government imposes sanctions package on Russia in response to the Ukrainian crisis

Description

On 1 March 2022, the South Korean Ministry of Economy and Finance (MOEF) announced financial sanctions against seven Russian financial institutions, namely Sberbank, Corporation Bank for Development a...

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Intervention Details

Intervention Type

Controls on commercial transactions and investment instruments

MAST Chapter

Capital control measures

Implementation date

01 Mar 2022

Revocation date

No revocation date

Implementation level

National

Affected flow

Outward

Announced as temporary

No

Eligible firms

firm-specific

Affected Trading Partners

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Table

Affected Sectors

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Affected Products

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