FOX Business Flash top headlines for February 26
Here are your FOX Business headlines.
SEOUL – South Korea will tighten export controls against Russia, by banning exports of strategic items, and join Western countries' moves to block some Russian banks from the SWIFT international payments system, Seoul's foreign ministry said on Monday.
The Korean government has also decided to promote the additional release of strategic oil reserves for stabilization of the international energy market and to further review other measures such as the resale of LNG to Europe, the ministry said in statement.
UKRAINE FM SLAMS 'TRAITORS TO HUMANITY' FOR LEAVING RUSSIA SWIFT LOOPHOLES: 'MONEY SOAKED IN OUR BLOOD'
"The Korean government condemned Russia's armed invasion of Ukraine and, as a responsible member of the international community, decided to actively participate in the international community's efforts, including economic sanctions, for a peaceful resolution of the situation," the statement said.