South Korea in talks with US over sanctions

Seoul, March 3: South Korea is in talks with the United States for excluding its companies from the exports sanctions against Russia that are not about strategic materials, media reported on Thursday.

According to the Yonhap news agency, South Korean Trade Minister Yeo Han-koo is currently on a visit to the United States where he hoped to reach an agreement on the issue with Washington.

The US Department of Commerce introduced the so-called Foreign-Produced Direct Product (FDPR) regulation toward Russia, according to which companies from third countries that are using US technologies for producing goods must get a special permit to export these goods to a nation under sanctions.

Unlike many other countries allied with the United States, South Korea introduced exports control only on strategic materials while other trade options with Russia would be a subject to the talks with Washington.

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