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…
On 31 July, Liechtenstein published a regulation, effective 1 August 2014, amending the Special Economic Measures (Russia) Regulations (the “Regulations”) that are designed to prevent the circumvention of international sanctions related to the situation in Ukraine. The Regulations are covered in previous blog posts relating to Liechtenstein dated 22 April 2014 (click here), 9 May 2014 (click here) and 22 May 2014 (click here). This update follows the EU’s recent decisions to sanction further individuals…
Sanctions implemented by Japan against Russia have recently come into spotlight further to the announced official visit to Japan of the Speaker of the State Duma lower house of Parliament, Sergei Naryshkin. To date, the Japanese government’s sanctions against Russia have developed as follows: On 18 March 2014, the Japanese government announced the following measures against Russia: to suspend consultation for relaxing visa regulations; and to freeze negotiations of: i. a new investment agreement; ii.…
Yesterday, Liechtenstein published a regulation amending the Special Economic Measures (Russia) Regulations that are designed to prevent the circumvention of international sanctions related to the situation in Ukraine. The Regulations are covered in our blog posts dated 22 April 2014 (click here) and 9 May 2014 (click here) This update follows the EU’s decision of last week to sanction a further 12 individuals and 2 entities. The regulation mirrors this decision and incorporates these same…