Taiwan Says Russian Naphtha Not Restricted As Report Names It No. 1 Importer

TaiwanPlus News

Taiwan’s foreign ministry says Russian naphtha is not subject to import restrictions, but the country complies with international sanctions. That's after a report found Taiwan has become the largest importer of the petrochemical from Russia.

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00:00Taiwan's foreign ministry says it does not restrict imports of Russian naphtha,

00:05but it is complying with sanctions imposed on Russia after its invasion of Ukraine.

00:11The statement follows a report naming Taiwan as the world's largest importer of the fossil fuel from Russia.

00:17The ministry said state-owned enterprises stopped buying Russian crude oil and related products like naphtha in 2023.

00:24Nearly all Taiwan's Russian naphtha was imported by Formosa Petrochemical Corporation,

00:28which said it complies with all international sanctions.

00:32The report says Taiwan's purchases generated 1.7 billion U.S. dollars in Russian tax revenue,

00:38enough to fund 170,000 attack drones used in the invasion of Ukraine.

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