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Japanese Imposed Sanctions

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In three separate statements of February 25, 27 and 28 2022, the Prime Minister of Japan, Fumio Kishida, announced that Japan will impose additional sanctions on Russia. The new measures will include: asset freezes and suspension on issuing visas for key Russian individuals, including President Putin;asset freezes of selected Russian banks and other entities;working with allies in order to cut-off selected Russian banks from SWIFT;restrictions on transactions with the Central Bank of the Russian Federation;…

On February 23, 2022, the Prime Minister of Japan, Fumio Kishida, made an announcement that Japan will implement a set of economic sanctions against Russia and the so-called Donetsk People’s Republic (“DPR”) and Luhansk People’s Republic (“LPR”) in eastern Ukraine. Japan has condemned the latest Russian move of recognizing the break-away areas as a violation of the sovereignty and territorial integrity of Ukraine as well as international law. Accordingly, the Japanese government has decided to…

On October 1, 2017, an order from the Japanese Cabinet went into effect to implement amendments to Japan’s Foreign Exchange and Foreign Trade Act (“Act”), which implements Japanese import and export controls.  The Cabinet order was decided on July 11, 2017 and it also made relevant adjustments in the relevant regulations.  The cabinet order, the ministerial ordinance and the ministry’s notice, which are necessary to implement the amended Act, were promulgated on July 14, 2017. These regulations provide definition of terms in the amended Act as well as clerical and procedural measures for the implementation of the amended Act.

On 28 July 2014, Japan announced a new wave of sanctions, targeting Russian individuals and entities involved in the annexation of Crimea. Assets held by such persons in Japan are expected to be frozen. Chief Cabinet Secretary Yoshihide Suga also announced that Japan will cease funding future public-sector projects in Russia – this follows the European Council’s recommendation for the European Investment Bank and European Bank for Reconstruction and Development to similarly restrict such financing…