Contents tagged with South Korea
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Russia to impose new tariffs on European goods
Russia is planning to impose additional restrictions on goods imported from the EU. The Russian government has sent a corresponding notice to the World Trade Organization (WTO).
The restrictions will be a response to the EU’s 25% tariff on Russian steel which came into force on 2 February, according to the notice published on the WTO website.
The exact nature of the restrictions has not yet been decided, the Russian Ministry of Economic Development told Interfax.
According to the WTO’s rules, …
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The US accuses two Russian ports of violating sanctions against North Korea
The Office of Foreign Assets Control (OFAC) of the US Department of the Treasury stated that they suspect two Russian ports in Vladivostok and Nakhodka of violating the sanctions regime established by the UN Security Council against North Korea.
According to the U.S. Treasury, vessels that participated in the transshipment of oil and coal to North Korean tankers visited Vladivostok and Nakhodka ports.
In addition to the two Russian ports, this scheme also involved four ports in China, four in …
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Russian ship with a drunken captain crashes into a bridge in South Korea
Maritime Bulletin reported that on February 28th, the Russian Seagrand cargo ship crashed into a pillar of the Gwangan motorway bridge in the South Korean port of Busan.
According to the newspaper, the vessel was from the port in Vladivostok and brought a cargo of steel products weighing one and a half thousand tons to South Korea. The incident occurred after unloading in the port of Busan.
No one was injured, but the bridge and ship itself were severely damaged as a result of the collision. …
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South Korea refuses to let Russian ships in because of US sanctions
South Korea denied the ships of the Russian company Gudzon Shipping entry to the country’s ports, the Kommersant newspaper reports with reference to the company’s General Director, Gennady Kononenko.
“I have documents showing that South Korean authorities denied the entry [to the ports],” Kononenko said.
Kononenko added that the matter was related to the sanctions of the United States against companies suspected of oil trade with North Korea. The Director General of Gudzon Shipping stated …
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Russian ship detained in South Korean port due to US sanctions
The Russian cargo ship Sevastopol belonging to the Vladivostok-based Hudson shipping company has been detained in the South Korean Port of Busan, reported on Saturday, September 29, by Pyotr Osichansky, a representative of the International Transport Workers’ Federation of Russia (ITF) in the Far East.
According to him, the Sevastopol was arrested by “an agent who does not give authorization for departure”. The vessel’s captain received a letter in Korean with the relevant information on the …
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Seoul summons Russian diplomats over violation of South Korean air space by Russian strategic bombers
The South Korean Ministry of Defense summoned the Russian military attaché, Andrei Falileev, "in protest against the unauthorized entry of Russian military aircraft into the South Korea's air defense identification zone," the agency Yonhap News reports with reference to statement of the South Korean Ministry of Defense.
“The violation of the [South Korean] border by Russian bombers will not contribute to efforts to stabilize the situation on the Korean peninsula, as well as in Northeast Asia," …
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US and South Korea begin large-scale military exercises
On Sunday, April 1, South Korea and the United States began joint military exercises, which were postponed during the Olympics in Pyeongchang. More than 10,000 American troops and about 290,000 South Korean troops are participating in the Foal Eagle maneuvers, reports DW.
The Foal Eagle exercises include ground troops, military aircraft, naval forces and special forces. Previously, the same number of troops participated in the exercises. Maneuvers will last about a month.
The American-South …
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Media: South Korea may postpone decommissioning of Russian tanks
Seoul may postpone plans to phase out Russian T-80U tanks, despite problems with their compatibility with other equipment in the South Korean arsenal, Pohan News portal reported, citing MP Lee Chong Gol.
The T-80U tanks and BMP-3 infantry fighting vehicles were delivered to the Republic of Korea in 1995 and 2002 as payment for the state debt of the USSR. It is expected that the South Korean army will gradually abandon the use of these vehicles in the period from 2018 to 2022.
However, …
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China: US anti-missile defense in South Korea damages the security of China and Russia
The THAAD missile system deployed on the territory of South Korea violates the strategic balance in the region, as well as damages the security of several countries, including China and Russia, TASS quotes Chinese President Xi Jinping as saying.
"The Chinese side has already expressed strong protest and serious concern," the Chinese leader said, adding that the US anti-missile defense system "will not help denuclearization on the Korean peninsula."
"The Chinese side has put forward a 'two- …
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South Korea plans to invest in 4G and 5G development in Ukraine
The Republic of Korea announced plans to invest in the development of digital infrastructure for 4G and 5G network capability in Ukraine. This was reported by the Press Service of the Ministry of Economic Development after the meeting of First Vice Prime Minister of Ukraine Stepan Kubiv with Korean Ambassador Li Yang Gu and representatives of the Korean Investment Corporation K-Growth.
"The volumes of mutual trade and investment in Ukraine by the Republic of Korea are not yet significant. It's …