Announcement
07 Mar 2022
On 7 March 2022, the Republic of Korea announced additional sanctions on Russia in response to the Ukrainian crisis.
Source
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Number of interventions
2
2 certainly harmful
0 likely harmful
0 liberalising
List of interventions
Implementation date
12 Mar 2022
Revocation date:
No revocation date
Announced: 07 Mar 2022
Controls on commercial transactions and investment instruments
In force
On 12 March 2022, the South Korean Ministry of Economy and Finance (MOEF) implemented financial sanctions against six Russian commercial banks from the SWIFT paying system. More specifically, the inst...
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Implementation date
08 Mar 2022
Revocation date:
No revocation date
Announced: 07 Mar 2022
Controls on commercial transactions and investment instruments
In force
On 8 March 2022, the South Korean Ministry of Economy and Finance (MOEF) announced additional financial sanctions against four Russian financial institutions, namely Russia’s Central Bank, National We...
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Related State Acts
Announced: 24 Apr 2023
Republic of Korea: Government imposes further export license requirements on Russia and Belarus
Announced: 24 Mar 2022
Republic of Korea: Government imposes export license requirements on Russia and Belarus
Announced: 18 Mar 2022
New Zealand: Government implements sanctions part of the Russia Sanctions Act 2022
Announced: 08 Mar 2022
Japan: Fourth batch of sanctions in response to Russian invasion of Ukraine, targeting entities in Belarus
Announced: 04 Mar 2022
Republic of Korea: Korean Financial Services Commission announces KRW 2 trillion in support for SMEs affected by Ukraine conflict
Announced: 03 Mar 2022
Japan: Third round of sanctions in response to Russian invasion of Ukraine, also targeting Belarus
Announced: 02 Mar 2022
EU: Additional financial sanctions on Russia, including the exclusion of 7 banks from the SWIFT paying system
Announced: 01 Mar 2022
Japan: Second round of sanctions in response to Russian invasion of Ukraine, targeting Russian individuals and institutions
Announced: 28 Feb 2022
Republic of Korea: Government imposes sanctions package on Russia in response to the Ukrainian crisis
Announced: 24 Feb 2022
United States of America: Department of Treasury announces sanctions against Russian financial sector
Announced: 24 Feb 2022
United States of America: Department of Treasury announces sanctions against Belarus following their support of Russia’s invasion of Ukraine
Announced: 29 Dec 2021
Republic of Korea: Ministry of Science and ICT announces 2022 Work Plan
Announced: 20 Jul 2020
Republic of Korea: Government allocates KRW 438 billion in Smart Korea Fund
Announced: 06 Apr 2020
Republic of Korea: Export-Import Bank announces $81m investment in fund to promote domestic medical industry
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