Economic news

Taiwan tightens Russia export curbs, details tech rules

2022.04.06 13:36

Taiwan tightens Russia export curbs, details tech rules
FILE PHOTO: A cargo ship is pictured at a port in Keelung, Taiwan, January 7, 2022. REUTERS/Ann Wang/File Photo

TAIPEI (Reuters) – Taiwan’s government said on Wednesday it was tightening export curbs to Russia as part of sanctions on the country for its invasion of Ukraine, detailing rules to prevent technology and chips from being using for military purposes.

Taiwan has condemned Russia’s attack and already joined the Western-led sanctions effort, though it is largely symbolic as there is only minimal direct trade between the island and Russia.

Taiwan’s Cabinet said in an announcement that any companies wishing to export a long list of tech-related goods to Russia would need to seek permission.

The move has been made “in order to prevent our country from exporting high-tech goods to Russia for the production of military weapons”, the Cabinet added.

The list includes equipment for making semiconductors, the production of which Taiwan is a world leader in, as well as lasers and navigation systems.

The Economy Ministry added in a separate statement that it “urges industry to follow the export control laws, conduct due diligence before exporting, and avoid exporting products from the ‘Russian export list’ that can be used for weapons proliferation to Russia without approval”.

It said it had produced the list based upon what other allied countries were doing and that in total it covered 57 “controlled items”.

A U.S. official said last week that Taiwan’s TSMC, the world’s largest contract chipmaker, had exited the Russian market, cutting off the Moscow Center of SPARC Technologies’ access to Elbrus chips, which are widely used in Russian intelligence and military systems.

Ukraine’s plight has won broad public sympathy in Taiwan due to what many people view as the parallels between what it happening in the European country and what could happen if China ever uses force to bring the island it claims as its own territory under Chinese control.

Source

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 96,645.89 1.56%
ethereum
Ethereum (ETH) $ 3,415.84 1.67%
tether
Tether (USDT) $ 0.99846 0.04%
xrp
XRP (XRP) $ 2.20 1.46%
bnb
BNB (BNB) $ 703.10 1.27%
solana
Solana (SOL) $ 192.23 1.70%
dogecoin
Dogecoin (DOGE) $ 0.321293 1.85%
usd-coin
USDC (USDC) $ 0.999453 0.03%
staked-ether
Lido Staked Ether (STETH) $ 3,412.75 1.59%
cardano
Cardano (ADA) $ 0.903049 3.99%
tron
TRON (TRX) $ 0.258502 3.04%
avalanche-2
Avalanche (AVAX) $ 38.49 1.89%
the-open-network
Toncoin (TON) $ 5.81 2.08%
chainlink
Chainlink (LINK) $ 23.44 2.59%
wrapped-steth
Wrapped stETH (WSTETH) $ 4,061.76 1.78%
shiba-inu
Shiba Inu (SHIB) $ 0.000022 2.63%
sui
Sui (SUI) $ 4.38 2.60%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 96,451.84 0.67%
bitget-token
Bitget Token (BGB) $ 8.44 26.03%
hedera-hashgraph
Hedera (HBAR) $ 0.28878 0.52%
stellar
Stellar (XLM) $ 0.364431 1.49%
polkadot
Polkadot (DOT) $ 7.23 3.60%
weth
WETH (WETH) $ 3,418.72 1.71%
bitcoin-cash
Bitcoin Cash (BCH) $ 457.98 4.36%
hyperliquid
Hyperliquid (HYPE) $ 26.94 5.71%
uniswap
Uniswap (UNI) $ 14.15 9.22%
leo-token
LEO Token (LEO) $ 9.21 2.67%
litecoin
Litecoin (LTC) $ 105.19 1.15%
pepe
Pepe (PEPE) $ 0.000018 3.30%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,608.44 1.61%
near
NEAR Protocol (NEAR) $ 5.26 2.85%
ethena-usde
Ethena USDe (USDE) $ 0.99786 0.02%
usds
USDS (USDS) $ 1.00 0.24%
aave
Aave (AAVE) $ 345.01 1.20%
aptos
Aptos (APT) $ 9.18 2.24%
internet-computer
Internet Computer (ICP) $ 10.67 1.78%
crypto-com-chain
Cronos (CRO) $ 0.15419 2.49%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.497177 2.75%
mantle
Mantle (MNT) $ 1.21 2.09%
ethereum-classic
Ethereum Classic (ETC) $ 26.87 3.47%
vechain
VeChain (VET) $ 0.048333 1.79%
render-token
Render (RENDER) $ 7.41 3.40%
bittensor
Bittensor (TAO) $ 490.60 3.41%
whitebit
WhiteBIT Coin (WBT) $ 24.60 0.28%
monero
Monero (XMR) $ 190.85 1.08%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.34 4.99%
mantra-dao
MANTRA (OM) $ 3.66 0.42%
dai
Dai (DAI) $ 0.999344 0.03%
arbitrum
Arbitrum (ARB) $ 0.786393 3.74%
virtual-protocol
Virtuals Protocol (VIRTUAL) $ 3.15 8.58%