Author

Junko Suetomi

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The Japanese government announced on February 2, 2024, that major countries agreed on obtaining a declaration form (cf. Note) at each voyage and requesting to obtain or to be provided details of affiliated cost related with the crude oil or petroleum products of the Russian Federation origin at the authority’s request, in order to reinforce the ceiling system for the crude oil or petroleum products of the Russian Federation origin. Based on this agreement, Japanese…

DECEMBER 22, 2023 By Junko Suetomi (末冨純子)AND Izumi Matsumoto  (松本泉)2 MINS READ On 15 December 2023, the Japanese government announced that it would strengthen sanctions against Russia. Below is an overview of the latest measures: Asset freeze of 35 individuals and 44 entities A total of 35 individuals and 44 entities in Russia, Ukraine or the UAE were designated as sanctioned parties in Japan. Making payments to these parties from Japan or by Japanese residents, as well as carrying…

Introduction During September 2023, the US, UK, and EU, and Japan, updated their Common High Priority Items Lists (“the List(s)”), with seven new Harmonized System (“HS”) codes. These coordinated Lists are composed of items identified as critical to Russia’s war effort, weapons systems and military development. The Lists highlight to businesses that there is a particularly high risk these sanctioned items may be the target of sanctions circumvention and possible diversion to Russia. Companies can…

The Japanese government introduced further sanctions against Russia on 26 May 2023. These include: Designations of additional Russian individuals and entities The Japanese government designated an additional 17 individuals and 78 entities related to the Russian Federation and 7 individuals who were judged to be directly related with the “annexation” of the Autonomous Republic of Crimea and Sevastopol or the destabilization of the eastern part of Ukraine or who are connected with the eastern and…