According to reports from Reuters and AFP, the G7 plans to ban the direct import of Russian diamonds from January 1, 2024, and gradually restrict the import of Russian diamonds processed in third countries starting from March 1.
Choi Nam - ho, a spokesman for South Koreas Ministry of Trade, Industry and Energy, recently said at a press conference that Chinas decision to delay the export of vehicle urea solution to South Korea was due to tight domestic supply in China, not for political reasons. This statement was in response to the General Administration of Customs of China suspending the customs clearance process for Chinese enterprises to export vehicle urea solution to large South Korean enterprises last month.
The Russian government has recently made a series of important export ban decisions, affecting the export of eggs, durum wheat, and waste precious metals. These bans reflect Russias strategic adjustment in the global trade market and its protection of domestic resources and commodities.
South Koreas instant noodles reached a new high in export value in 2023, especially popular in the Chinese market, thanks to their unique flavors, marketing strategies, and the diverse needs of consumers.