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Sunday, February 9, 2025

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Knobel expert: China will become the main resource to replace South Korean imports

Earlier on Monday, it was learned that South Korea had expanded the list of goods whose export to the Russian Federation and Belarus requires special permits, from 57 to 798 items. They relate to semiconductors, chemistry, steel, automotive, mechanics, quantum computers. The sanctions will come into effect from Friday, April 28.
According to the interlocutor of “RG”, this is not a complete ban on exports, but only an extension of export restrictions, which means that a special permit is required for export of these commodities.

Apparently, according to Alexander Knobel, the Ministry of Commerce of South Korea thus subjects to the general restrictions the export of dual-use goods, for which there is a high probability that the goods will be used by the importing countries for the production of weapons and for military purposes. And most likely, Korean exporters will have to justify the fact that these exports are not intended for the Russian defense industry.

“In practice, this will mean complicating the procurement mechanisms and increasing the cost of these basic goods, since it will have to be done through a few intermediary companies, or overpay for mediation. But in the end , most of the listed goods can be delivered to Russia, ”explains the expert.

Knobel also noted Russia’s moderate dependence on Korean imports — no more than on other countries that have imposed and continue to impose sanctions. “In that sense, Korea is making a small contribution to the bigger picture of the need for redirection and systemic restrictions. Well, import logistics will get a bit more complicated, well, those supplies will get a bit more expensive,” he explained. , adding that the Korean sanctions, compared to the United States or Japan, which supply us with similar products, seem to be the least severe.

Nevertheless, you should be prepared for the fact that the ban will still affect certain positions. And in this case, the more high-tech the production, the more difficult it is to replace it. However, here, as in other situations, China will become the main replacement resource, the expert is sure. For example, in terms of cars, replacement by the Chinese auto industry seems to be the most obvious solution, concluded Alexander Knobel.

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