On 25 March 2022, the Japanese government imposed further sanctions on the Russian Federation. The Japanese government designated an additional 25 individuals related to the Russian Federation, who are subject to the following sanctions: Restriction on payment: A license is required in order to make payment to the designated persons.Restrictions on capital transactions: A license is required on capital transactions including deposit contracts, trust contracts, money loan contracts, etc. with the designated persons. The Japanese…
On 18 March, the Swiss Federal Council decided to fully adopt the new sanctions introduced by the EU against Russia on 15 March (see EU blogpost here). These new EU sanctions had already been partially implemented by Switzerland through the extension of its list of designated parties on 16 March (see blogpost here) with the rest of the package now following. The Ordinance on Measures connected with the Situation in Ukraine is currently being updated,…
Over the past week, Australia has made several additions to its autonomous sanctions measures targeting Russia. Of particular note: Australia has expanded the list of individuals and entities subject to the designated party sanctions (and travel bans). The additions to the list include:Individuals including Russian oligarchs, political and economic elites, and current or former members of the Russian government. The list also includes individuals identified as family members of oligarchs which the government indicated it…
The Japanese government has imposed further sanctions on the Russian Federation and the Republic of Belarus. On 11 March 2022, the government announced amendments to the Export Trade Control Order, which came into effect on 18 March 2022. The amendments ban the export of the following goods and products to the Russian Federation and Belarus: Controlled products, including machine tools, carbon fiber, high-performance semiconductors, etc. Goods reinforcing the military capabilities of the Russian Federation and…