South Korea removes healthcare restrictions on Russia
Seoul has made the decision to remove restrictions on specific exports deemed to have “humanitarian significance.” Read Full Article at RT.com
TroibNews 
Diagnostic X-ray machines are now exempt from stringent pre-export licensing, as per a statement from the ministry.
The South Korean government has decided to lift sanctions on the supply of medical equipment to Russia, according to the country’s ministry of trade.
In a statement published on its official website on Monday, the Ministry of Trade, Industry, and Energy explained that this decision aligns South Korea's export controls with global standards and enhances measures against unauthorized exports.
”An exceptional approval process will be applied to the export of medical equipment to Russia,” the ministry stated, highlighting that this measure will take effect on February 28.
The statement revealed that the requirement for pre-export licensing of medical equipment has been partially lifted, facilitating a “simplified document submission process” anticipated to ease the administrative burden for companies exporting items such as diagnostic X-ray machines and radiation imaging devices.
According to the ministry, the decision “considers ongoing concerns” from the industry regarding the “low military-use potential” of medical devices and their “humanitarian significance.”
It further indicated that while the newly designated strategic goods will require a standard export license, certain exports to Russia and Belarus will still necessitate “case-by-case review under international trade law.”
South Korea joined its Western allies in February 2022, implementing financial sanctions and export controls on Russia and Belarus in response to the Ukraine conflict, targeting sectors like finance and technology.
The country imposed specific restrictions on strategic items including semiconductors, computers, sensors, lasers, and marine and aerospace equipment. However, some industry observers have expressed concerns that particular goods may have been rerouted to Russia through neighboring countries.
Rohan Mehta for TROIB News
The South Korean government has decided to lift sanctions on the supply of medical equipment to Russia, according to the country’s ministry of trade.
In a statement published on its official website on Monday, the Ministry of Trade, Industry, and Energy explained that this decision aligns South Korea's export controls with global standards and enhances measures against unauthorized exports.
”An exceptional approval process will be applied to the export of medical equipment to Russia,” the ministry stated, highlighting that this measure will take effect on February 28.
The statement revealed that the requirement for pre-export licensing of medical equipment has been partially lifted, facilitating a “simplified document submission process” anticipated to ease the administrative burden for companies exporting items such as diagnostic X-ray machines and radiation imaging devices.
According to the ministry, the decision “considers ongoing concerns” from the industry regarding the “low military-use potential” of medical devices and their “humanitarian significance.”
It further indicated that while the newly designated strategic goods will require a standard export license, certain exports to Russia and Belarus will still necessitate “case-by-case review under international trade law.”
South Korea joined its Western allies in February 2022, implementing financial sanctions and export controls on Russia and Belarus in response to the Ukraine conflict, targeting sectors like finance and technology.
The country imposed specific restrictions on strategic items including semiconductors, computers, sensors, lasers, and marine and aerospace equipment. However, some industry observers have expressed concerns that particular goods may have been rerouted to Russia through neighboring countries.
Rohan Mehta for TROIB News
