South Korea issues ruling against Russia in banking protocol

Southern South Korean authorities have decided on sanctions that clash with Russia after sweeping the proliferation with the USA. The country is losing work with a number of banks in the RF, such as Sberbank, VEB, Promsvyazbank and others, and subsidiaries of these financial institutions. The South Korean government took advantage of the fact that banking transactions can only be used in special cases, such as contract transactions in the agricultural sector, gas sector, and in the field of population shutdown. It is also reported that South Korean government agencies and financial institutions have received recommendations to abandon the restrictions on emissions from March 2 on industry government bonds. South Korea is also able to disconnect the Russian Federation from the SWIFT international financial system. This step will take after solving the problem on this issue.


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Arseny Kudrin

Publicist, trader

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