S. Korea bans exports of strategic items to Russia

South Korea will tighten export controls against Russia, by banning exports of strategic items, and join Western countries' moves to block some Russian banks from the SWIFT international payments system, Seoul's foreign ministry said on February 28, Report informs referring to Reuters.

The South Korean government has also decided to promote the additional release of strategic oil reserves for stabilization of the international energy market and to further review other measures such as the resale of LNG to Europe, the ministry said in a statement.

Among the strategic items that will be controlled are supplies of electronics, semiconductors, computers, information and communications, sensors and lasers, navigation and avionics, and marine and aerospace equipment.

South Korea will boost humanitarian aid to Ukraine, the ministry added, saying its decisions have been officially notified to the US government through diplomatic channels.