July 19 (EUROPA PRESS) –
The South Korean authorities have indicated this Tuesday that they are willing to impose restrictions on the import of oil from Russia in the framework of the war in Ukraine.
This has been pointed out by the South Korean Finance Minister, Choo Kyung Ho, who has met with the US Treasury Secretary, Janet Yellen, in Seoul to address global economic issues.
Choo has said that if necessary, the country could impose limits on the price of Russian oil in a bid to increase cooperation to stabilize the foreign exchange market.
The parties have expressed that there is the possibility of implementing various cooperation actions to increase liquidity, as reported by the Yonhap news agency. This leaves the door open for a currency swap between South Korea and the United States when needed.
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