On 10 July 2024, Osaka Prefectural Police arrested the representative director of a trading company on suspicion of violating the Foreign Exchange and Foreign Trade Law for illegally exporting without government approval export-controlled items that are subject to sanctions against Russia (“Case”). This is the first arrest in Japan involving unauthorized exports to Russia after the invasion of Ukraine. In this alert, we provide an overview of Japan’s sanctions against Russia, the Japanese government’s response…
On 21 June 2024, the Japanese government announced further sanctions against the Russian Federation under the Foreign Exchange and Foreign Trade Act in line with measures taken by other major countries. This measure adds to the sanctions imposed in the previous round of sanctions announced on 24 May 2024. The new sanctions were taken based on the Cabinet Understanding entitled, “Asset freezes for individuals and entities of the Russian Federation and other measures as of…
On March 1, 2024, Japanese government announced its further sanctions measures against the Russian Federation following the measures taken by major counties at the time when two years had passed since the time of invasion by the Russian Federation against Ukraine. The additionally announced measures are as follows: Assets freeze Additional nine individuals and eight entities of the Russian Federation and three individuals, who are considered to contribute to destabilization of eastern Ukraine, were designated…
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…