The Republic of Korea’s Economic Actions to Support Ukraine

You are subscribed to Europe and Eurasia for U.S. Department of State. This information has recently been updated, and is now available. The Republic of Korea's Economic Actions to Support Ukraine 03/02/2022 09:02 AM EST Antony J. Blinken, Secretary of State The United States and the Republic of Korea (ROK) are standing shoulder-to-shoulder in support of Ukraine by responding to Russia's premeditated, unprovoked, and unjustified attack.  The ROK's announcement of economic actions against Russia will help defend the freedom, territorial integrity, and sovereignty of Ukraine and illustrates the ROK's commitment to preserving the rules-based international order. The ROK's support for denying selected Russian banks access to the global SWIFT financial messaging system, along with its commitment to block financial transactions with major Russian banks and impose other financial and export controls, will support international efforts to isolate Russia from the international financial system and technology trade.   At the same time, the ROK's commitment to release additional petroleum from its strategic reserves will help our shared efforts to stabilize the global energy market.  The United States also welcomes the ROK's commitment to help the people of Ukraine by committing an additional $10 million in emergency humanitarian aid.  Our joint actions demonstrate the unity and resolve of the United States, the ROK, and our allies and partners to stop Russia's aggression in Ukraine. Stay connected with the State Department: External links found in this content or on Department of State websites that go to other non-Department websites should not be construed as an endorsement of the views or privacy policies contained therein.    Update your subscriptions, modify your password or email address, or stop subscriptions at any time on your Subscriber Preferences Page. You will need to use your email address to log in. If you have questions or problems with the subscription service, please contact subscriberhelp.govdelivery.com. This email was sent to ignoble.experiment@arconati.us using GovDelivery Communications Cloud on behalf of: U.S. Department of State · 2201 C Street NW · Washington, DC 20520