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: 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 to be…
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…
DECEMBER 22, 2023 By Junko Suetomi (末冨純子）AND Izumi Matsumoto （松本泉）2 MINS READ On 15 December 2023, the Japanese government announced that it would strengthen sanctions against Russia. Below is an overview of the latest measures: A total of 35 individuals and 44 entities in Russia, Ukraine or the UAE were designated as sanctioned parties in Japan. Making payments to these parties from Japan or by Japanese residents, as well as carrying out certain capital transactions (e.g. making a deposit…