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Cosmopolitan
community and to protect the safety
and the United States, which are
Russia
of all, these international treaties must
highly dependent on fossil fuels from
ⓒOMI
be observed under any circumstance.
Russia, are hesitant to respond to the
In particular, since Republic of Korea
Russian invasion of Ukraine for fear
received support from the international
that the international oil price rises.”
community, such as receiving the first
According to the World Fact Book,
UN forces dispatched from the UN
published annually by the CIA, Russia
duringtheKoreanWarin1950,itshould
exports tremendous amounts of fossil
pay attention to what is happening
fuels. Russia ranks first in the world
in Ukraine and continue to promote
in natural gas exports, second for oil,
▲SouthKoreantechgiantSamsungnamedmost
humanitarian aid, including emergency
and third for coal. Therefore, Russia
preferredbrandinRussiafor10yearsinarow.
medicalsupplies.
was able to face the negotiating table
with Western countries regarding the
South Korea is a country that actively
resources such as natural gas and oil as
trades with Russia. Korea and Russia
*Thermobaric weapons: Sometimes called “vacuum
weapons. In fact, on March 2, the EU
have an interest in inter-Korean
bombs,” these are weapons that basically suck in
oxygen from the surrounding air to generate a more
announced that it is pushing to block
economic cooperation projects such
high-temperatureexplosionthanconventionalbombs,
the Society for Worldwide Interbank
as railroads and gas pipelines that will
causingmassdestruction.
FinancialTelecommunication(SWIFT)*
furtherlinkthetwocountries.AsRussia
*Geneva Conventions: Conventions establishing
international legal standards for humanitarian
of Russian financial institutions as
launchesalarge-scaleattack,Koreawill
treatmentinwar.
economic sanctions against Russia.
be primarily impacted by disruptions in
EnergyHegemonyandDiplomatic
However, major Russian banks involved
global supply chains, as well as Korean
Relations
inenergytrading,suchasGazprombank
businessactivitiesinRussiaandUkraine.
owned by Gazprom, a Russian state-
An agile and comprehensive response is
ⓒReuters
ownedmultinationalenergycorporation,
needed, including support for the New
were exempted from sanctions.
Northern Policy, since Russia was a
Exclusion from SWIFT means that
key partner in the peace process on the
Russian companies and individuals will
Korean Peninsula, and support for more
be blocked from paying for imports and
than200Koreancompaniesoperatingin
exports, as well as overseas loans and
Russia and Ukraine. Furthermore, it is
investments. If the payment network for
necessary to understand that the North
raw materials with Russia is cut off due
Korea-China-RussiasolidarityandNorth
▲Russiahasbecomeaglobaleconomicpariah
to the SWIFT sanctions, the European
Korea’s dependence on Russia, which
afteritattackedUkraine,theUShasclaimed.
economy, which is highly dependent on
have stopped at an ambiguous level, can
imports, will also suffer greatly, so they
be significantly different from those in
On February 27, 2022, Svitlana
arerespondingpassivelytotheeconomic
thepast.
Krakovska, director of the Ukrainian
sanctionstowardRussia.
HydrometeorologicalInstitute,saidatthe
*Society for Worldwide Interbank Financial
55th meeting of the Intergovernmental
Telecommunication (SWIFT): An international
Panel on Climate Change (IPCC) that
organizationfacilitatingtransactionsbetweenbanks.
“Western powers such as Germany
Russia’s invasion of Ukraine in 2022 is a serious crisis, with some analysts predicting that it could lead to World War III under
theworst-casescenario.Inparticular,thiswarhasahugeimpactontheworldinthatitisnotanideologicalorreligiousconflict,
but a war of aggression in which a powerful country invaded a neighboring sovereign country where democracy has settled.
Manypeoplehavebecomeawareofthetragedyofwar,whichhadbeenforgottensinceWorldWarII.Unilateralaggressionbya
powerfulcountryonaweakcountrycannotbejustifiedunderanycircumstance.BothTheArgusandHUFSanswishforpeacein
Ukraineandtheendofthewarassoonaspossible.
jinseo.kim@hufs.ac.kr
39
APRIL 2022
community and to protect the safety
and the United States, which are
Russia
of all, these international treaties must
highly dependent on fossil fuels from
ⓒOMI
be observed under any circumstance.
Russia, are hesitant to respond to the
In particular, since Republic of Korea
Russian invasion of Ukraine for fear
received support from the international
that the international oil price rises.”
community, such as receiving the first
According to the World Fact Book,
UN forces dispatched from the UN
published annually by the CIA, Russia
duringtheKoreanWarin1950,itshould
exports tremendous amounts of fossil
pay attention to what is happening
fuels. Russia ranks first in the world
in Ukraine and continue to promote
in natural gas exports, second for oil,
▲SouthKoreantechgiantSamsungnamedmost
humanitarian aid, including emergency
and third for coal. Therefore, Russia
preferredbrandinRussiafor10yearsinarow.
medicalsupplies.
was able to face the negotiating table
with Western countries regarding the
South Korea is a country that actively
resources such as natural gas and oil as
trades with Russia. Korea and Russia
*Thermobaric weapons: Sometimes called “vacuum
weapons. In fact, on March 2, the EU
have an interest in inter-Korean
bombs,” these are weapons that basically suck in
oxygen from the surrounding air to generate a more
announced that it is pushing to block
economic cooperation projects such
high-temperatureexplosionthanconventionalbombs,
the Society for Worldwide Interbank
as railroads and gas pipelines that will
causingmassdestruction.
FinancialTelecommunication(SWIFT)*
furtherlinkthetwocountries.AsRussia
*Geneva Conventions: Conventions establishing
international legal standards for humanitarian
of Russian financial institutions as
launchesalarge-scaleattack,Koreawill
treatmentinwar.
economic sanctions against Russia.
be primarily impacted by disruptions in
EnergyHegemonyandDiplomatic
However, major Russian banks involved
global supply chains, as well as Korean
Relations
inenergytrading,suchasGazprombank
businessactivitiesinRussiaandUkraine.
owned by Gazprom, a Russian state-
An agile and comprehensive response is
ⓒReuters
ownedmultinationalenergycorporation,
needed, including support for the New
were exempted from sanctions.
Northern Policy, since Russia was a
Exclusion from SWIFT means that
key partner in the peace process on the
Russian companies and individuals will
Korean Peninsula, and support for more
be blocked from paying for imports and
than200Koreancompaniesoperatingin
exports, as well as overseas loans and
Russia and Ukraine. Furthermore, it is
investments. If the payment network for
necessary to understand that the North
raw materials with Russia is cut off due
Korea-China-RussiasolidarityandNorth
▲Russiahasbecomeaglobaleconomicpariah
to the SWIFT sanctions, the European
Korea’s dependence on Russia, which
afteritattackedUkraine,theUShasclaimed.
economy, which is highly dependent on
have stopped at an ambiguous level, can
imports, will also suffer greatly, so they
be significantly different from those in
On February 27, 2022, Svitlana
arerespondingpassivelytotheeconomic
thepast.
Krakovska, director of the Ukrainian
sanctionstowardRussia.
HydrometeorologicalInstitute,saidatthe
*Society for Worldwide Interbank Financial
55th meeting of the Intergovernmental
Telecommunication (SWIFT): An international
Panel on Climate Change (IPCC) that
organizationfacilitatingtransactionsbetweenbanks.
“Western powers such as Germany
Russia’s invasion of Ukraine in 2022 is a serious crisis, with some analysts predicting that it could lead to World War III under
theworst-casescenario.Inparticular,thiswarhasahugeimpactontheworldinthatitisnotanideologicalorreligiousconflict,
but a war of aggression in which a powerful country invaded a neighboring sovereign country where democracy has settled.
Manypeoplehavebecomeawareofthetragedyofwar,whichhadbeenforgottensinceWorldWarII.Unilateralaggressionbya
powerfulcountryonaweakcountrycannotbejustifiedunderanycircumstance.BothTheArgusandHUFSanswishforpeacein
Ukraineandtheendofthewarassoonaspossible.
jinseo.kim@hufs.ac.kr
39
APRIL 2022
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