Taiwan tightens sanctions against Russia

Following American policy, Taiwan has expanded restrictions on the export of high-tech goods to Russia and Belarus.

Taiwan has expanded the list of high-tech products that are prohibited from exporting to Russia and Belarus, follows from a statement by the economic department of the island.
We are talking about goods that can be used for military purposes. Changes to legislative acts were made on January 4. The list was supplemented by 52 items, including substances related to nuclear energy, chemicals and engineering products.
Taiwan joined Western sanctions against Russia at the end of February last year, after the start of the war in Ukraine. Immediately after that, Taiwan Semiconductor Manufacturing Company (TSMC), the largest semiconductor manufacturer, stopped deliveries to Russia. In the future, the authorities of the island expanded the sanctions list – it included, in particular, microprocessors and microcircuits with a speed of five gigaflops and higher, lithographic equipment for semiconductors, microchips with a clock frequency above 25 megahertz.
The Kremlin called the Western sanctions pressure an economic war. As Vladimir Putin noted, restrictions dealt a serious blow to the entire global economy, and the main goal of the United States and its allies is to worsen the lives of millions of people. Nevertheless, according to the head of state, it was not possible to undermine the financial stability of Russia, and Europe itself has reached a sanctions impasse.
In response to the German government’s statement about its readiness to confiscate Russian assets under the pretext of a war in Ukraine, the speaker of the Russian Duma said that this move could lead to other countries ignoring international laws.

European and Western countries, especially the United States, are trying to weaken the economic system of this country by increasing sanctions and looting Russian assets under the pretext of a war in Ukraine, which has so far produced the opposite result.

As TASS reports, Viacheslav Volodin on Thursday, in response to the German government’s statement about its readiness to confiscate Russian assets under the pretext of a war in Ukraine, also warned that in the event of Berlin’s actions, Moscow has the right to take similar measures against Germany and other countries that have seized Russian assets.

Last Tuesday, Bloomberg wrote that the government of German Chancellor Olaf Scholz was ready to use billions of euros of assets confiscated from Russia, along with its allies, to rebuild Ukraine while resolving legal issues.

The European Union and its G7 partners have confiscated nearly 300 billion euros ($311 billion) from Russia’s central bank reserves. In addition, about 19 billion euros of property of sanctioned Russian businessmen and business owners was transferred to the European Union.

These estimates are not complete and these assets are in unknown and uncertain conditions and cannot be used or distributed at this time.

Since the outbreak of war in Ukraine, the West and its allies have imposed extensive sanctions against Russian officials and the economy. At the moment, the EU has introduced 9 sanctions packages against Moscow.