Contents tagged with Taiwan
-
Taiwan halts machinery exports to Russia
Taiwan's Ministry of Economic Affairs announced a complete halt of exports of machinery that could potentially serve military enterprises in Russia. This action comes as a response to recent media investigations which spotlighted such deliveries.
As part of these tightened export controls, penalties for initial violations of sanctions against Russia and Belarus have been significantly increased, ramping up to 1 million Taiwanese dollars (approximately USD 31,100). Additionally, the ministry …
-
Taiwan sanctions Russian supplier and tightens export controls to block indirect tech transfers to Russia
Taiwan's Economy Ministry has imposed sanctions on Russian supplier iMachine, banning Taiwanese companies from selling it any products. Additionally, the ministry has required Taiwanese companies to ensure that their high-tech equipment does not reach Russia through third-party countries.
According to a press release, the move was prompted by recent media reports about iMachine procuring Taiwanese machinery through third countries for later use in Russia's military industry. "The reputation of …
-
Taiwan emerges as a main supplier of machine tools to Russia despite sanctions
Despite its pro-Ukraine stance, Taiwan has become a key supplier of machine tools to Russia following the start of a full-scale invasion, according to investigations by Taiwan's The Reporter and Russia's The Insider.
In January 2023, Taiwan's Ministry of Economy added high-tech machine tools to the list of sanctioned goods. The direct export of complex metal processing machinery and high-grade lathes to Russia has been reduced almost to zero. The legal export of electrical discharge machines …
-
Russia says it’s ready to help China in the event of an armed conflict with Taiwan
Russia is ready to provide military assistance to China in the event of an armed conflict with Taiwan, said the First Deputy Chairman of the Russian Federation Council Committee on International Affairs Vladimir Dzhabarov.
"I see no reason to refuse to help the Chinese. But I would like this interaction with China to be bilateral, that is, we should get some benefit from this cooperation," he said.
"In principle, nothing is impossible. We understand that sometimes it is a matter of chance. …