Russia Sanctions and Their Impact on South Korea

Russia and the West have found themselves enmeshed in an outright economic war as a result of Vladimir Putin’s decision to launch the full-scale invasion of Ukraine on 24 February 2022.  Western powers have joined with a wide swathe of the international community to support Ukraine’s resistance and to hold the Kremlin to account.  

Economic and technology restrictions on Russia have been at the core of the wider West’s strategy of support for Ukraine throughout the war. The target of these tools has changed significantly, initially aimed at deterring Russia from further aggression after 2014 to seeking to restrict its state capacity and ability to wage the war since 2022. But their global impact and Putin’s attempts to undermine the international order through his own weaponization of Russia’s economy and in particular its commodities base has left the world in a new era of international economic impact, and other powers, great and small, are being impacted in ways unforeseen. 

Join us for a discussion about the impact of this economic war on one often overlooked but deeply affected country, the Republic of Korea.