Taiwan’s Ministry of Economy has announced that the number of machine tools exported to Russia was reduced to zero after the introduction of export control measures, according to a report in Eurasia Business News. The Ministry promised that it will continue to adjust export control measures and assist manufacturers to control the final flow of product supplies.
The Ministry of Economic Affairs stated that the measures have already shown effectiveness, resulting in a complete cessation of machine tool exports to Russia, which were previously identified as a significant supply source for the Russian arms industry.
The Ministry also said that it increased the fine for the primary violation of sanctions against Moscow by 15 times to $31 300. Since the beginning of the year, the Ministry of Economy has organised 19 information sessions for manufacturers to help them prevent violations.
Taiwan has tightened restrictions on the export of machine tools to Russia and Belarus since March 2024. The country has banned the import of 77 types of machine tools, including EDM machines, machining centers, lathes, milling and grinding machines.
The Russian Ministry of Industry and Trade told TASS press agency that Taiwan’s sanctions on the export of machine tools will not cause problems with the availability of equipment. The ministry noted that the listed machines are either manufactured in Russia or supplied from friendly countries.