© Reuters/EVELYN HOCKSTEIN FILE PHOTO: U.S. President Joe Biden meets with Finland’s President Sauli Niinisto at the White House in WashingtonThe country began halting transactions with the Russian central bank and immobilizing its assets held in won currency from Tuesday, after stopping transactions with seven other Russian banks and their affiliates.”South Korea’s resolute decision will be a strong message that it supports Ukraine’s sovereignty,” the spokeswoman quoted Biden as saying in the letter.
The move followed similar action by the United States and the European Union in a global effort to isolate Russia over its invasion of Ukraine.
Seoul has also said it will tighten export controls against Russia by banning shipments of strategic items, and release 4.42 million barrels of national oil reserves to make up disruptions to supply.
Biden said the oil reserves decision also showed the strength of the united effort and a resolve to stabilize the world energy market and achieve the shared goal of energy security, the spokeswoman added.
Biden thanks S.Korea for joining Russia sanctions -Blue House (msn.com)