Taiwan sharply increases penalties for supplies of sanctioned technologies to Russia

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The Taiwanese government has significantly tightened penalties for illegal technology exports to Russia and Belarus. This is stated in Press release Taiwan Ministry of Economic Affairs International Trade Administration.

The fine for the first violation of the rules increased 16-fold to 1 million yuan (about 139 thousand dollars at the February 3, 2024 exchange rate).

Taiwan’s Ministry of Economy emphasized that it is currently cooperating with public associations to increase transparency. The agency also emphasized that it called on operators not to make illegal transfers to third countries.

previous day recognized It’s about the departure of the Turkish construction contractor Rönesans Holding from Russia.

Before reportedIt was stated that the oil and gas revenues of the Russian Federation dropped by a quarter due to sanctions.

Previously Cyprus authorities anxious Separation of Russian companies from jurisdictions.

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