On 25 February, 2023, Prime Minister Kishida, announced further sanctions against Russia. The new measures will include: Asset Freezes on Russian individuals/entities and suspension of visas to Russian individuals/entities; financial sanctions including asset freezes on financial institutions; and export bans on items that can be used for military purposes, dual-use goods, certain commodities and semiconductors. Additionally, the Prime Minister mentioned that the Japanese government is considering introducing further sanctions in coordination with other G7 countries…
The Japanese government introduced further sanctions against Russia on 6 February 2023. These are in relation to oil products of Russian origin which are bought at a price that exceeds the ceiling price referenced in the MOFA (Ministry of Foreign Affairs 20230206外務省告示 (mofa.go.jp) notice dated 6 February 2023. In relation to these products the Japanese government has been taking the following measures from 6 February 2023 based on the Foreign Exchange and Foreign Trade Act: Import…
The Japanese government introduced further sanctions against Russia on 27 January 2023. These include: Designations of additional Russian individuals and entities The Japanese government designated an additional 22 individuals and 3 entities related to the Russian Federation and 14 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…
On December 3, 2022, G7 members formally set the highly anticipated price cap on Russian oil at 60 USD per barrel. This price cap applies to crude oil, petroleum oils, and oils obtained from bituminous minerals which originate in or are exported from Russia. Below we summarize (1) some of the key aspects of the G7’s price cap, and (2) the measures taken to implement the price cap by the EU,US, UK, Japan and Canada.…