Advertisement

Updated December 26th, 2023 at 17:48 IST

Taiwan expands US sanctions against Russia and Belarus

The updated sanctions from Taiwan align with measures previously instituted by the European Union, the United States, and various other nations.

Business Desk
Taiwanese flag
Taiwanese flag | Image:Unsplash
Advertisement

Taiwan's Ministry of Economic Affairs disclosed an extension of its sanctions against Russia and its ally Belarus in light of Russia's military incursion into Ukraine. The objective is to ensure that Taiwanese high-technology products do not contribute to military endeavours.

While Taiwan has publicly denounced Russia's offensive and aligned itself with the Western-backed sanctions, the practical impact remains limited given the minimal bilateral trade between Taiwan and Russia.

Advertisement

In its official announcement, Taiwan's economic authorities stated that the expanded sanctions aim "to bolster international collaboration and forestall the diversion of our advanced technological products for military objectives." The revised list encompasses machinery for semiconductor fabrication— an industry in which Taiwan holds a leading global position— as well as specific chemicals and pharmaceuticals. This is in addition to earlier sanctions targeting the semiconductor sector.

The updated sanctions align with measures previously instituted by the European Union, the United States, and various other nations, according to the ministry's statement. Furthermore, these entities have collaborated to compile a "common high-priority list" identifying electronic and mechanical components commonly utilised in civilian contexts but susceptible to weaponisation.

Advertisement

The ministry indicated that, as a general rule, applications for export licences pertaining to the restricted items would not receive approval. 

Within Taiwan, there exists widespread public empathy towards Ukraine, driven by perceptions that the situation in the European nation bears similarities to potential scenarios involving China's use of force to assert its territorial claims over Taiwan.

Advertisement

(With Reuters inputs)

Advertisement

Published December 26th, 2023 at 17:48 IST

Your Voice. Now Direct.

Send us your views, we’ll publish them. This section is moderated.

Advertisement
Advertisement
Whatsapp logo