Taiwan tightens the sanctions regime against Russia and Belarus

Taiwan tightens the sanctions regime against Russia and Belarus
Taiwan tightens the sanctions regime against Russia and Belarus
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The Ministry has listed the countries from which the goods will probably be transported to Russia. It included Turkey, United Arab Emirates (UAE) and Central Asian countries. The first fine for violating the sanctions regime against Russia and Belarus has been increased 15 times – up to 1 million US dollars.

Taiwan’s Ministry of Economy announced that it reacted in this way to press publications about Taiwan’s supply of machine tools to Russia’s military industry. In January, investigative journalists revealed that Taipei has become one of the largest suppliers of machine tools to Russia. Local machine tools are of lower quality, but at more affordable prices than their American, European and Japanese analogues, according to “The Reporter”.

The publication cited the account of an anonymous employee of the Taiwan Industry Association who visited a machinery exhibition in mainland China in 2023. There were many Russian buyers at the event who were ready to buy machine tools on the spot and for cash.

Taiwan has joined Western sanctions imposed on Russia following its invasion of Ukraine. This semi-recognized country is one of the largest suppliers of chips in the world. Because of the restrictions imposed by the Taipei authorities, Russian industry has to look for chips on the black market.

The article is in Latvian

Tags: Taiwan tightens sanctions regime Russia Belarus

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