Ministry expands Russian sanctions to stop technology being used for armsBy Ben Blanchard / Reuters, TAIPEIThe Ministry of Economic Affairs yesterday said that it has expanded a list of sanctioned goods for Russia and its ally Belarus in response to Russia’s invasion of Ukraine to prevent Taiwanese high-tech goods from being used for military purposes. Taiwan has condemned Russia’s invasion and has already joined a Western-led sanctions effort, although it is largely symbolic as there is only minimal direct trade between the nation and Russia. Photo: Ann Wang, ReutersThe list includes equipment for making semiconductors, as well as certain chemicals and medicines, adding to previous announcements which already targeted the chip industry. The new sanctions are consistent with those already announced by the EU, the US and other nations, the ministry said in a statement. Export license applications would “in principle” not be approved, the ministry said.

Source: Taipei Times December 27, 2023 00:32 UTC