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: Asset freeze of 35 individuals and 44 entities 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…
The Japanese government introduced further sanctions against Russia on 26 May 2023. These include: Designations of additional Russian individuals and entities The Japanese government designated an additional 17 individuals and 78 entities related to the Russian Federation and 7 individuals who were judged to be directly related with the “annexation” of the Autonomous Republic of Crimea and Sevastopol or the destabilization of the eastern part of Ukraine or who are connected with the eastern and…
The G7 announced the creation of a new Enforcement Coordination Mechanism “to bolster compliance and enforcement of our measures and deny Russia the benefit of G7 economies” on the one-year anniversary of Russia’s invasion of Ukraine. Having focused on the enforcement of sanctions by the United States, United Kingdom, the European Union, Germany, France, Italy, and Canada in the past weeks, we continue our overview with enforcement trends in Japan. 1. What are the recent sanctions enforcement trends in Japan? Japan…
On 25 February, 2023, Prime Minister Kishida, announced further sanctions against Russia. The new measures will include: Asset Freezes on Russian individuals/entities and suspension of visas to Russian individuals/entities; financial sanctions including asset freezes on financial institutions; and export bans on items that can be used for military purposes, dual-use goods, certain commodities and semiconductors. Additionally, the Prime Minister mentioned that the Japanese government is considering introducing further sanctions in coordination with other G7 countries…