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…
The Japanese government introduced further sanctions against Russia on 6 February 2023. These are in relation to oil products of Russian origin which are bought at a price that exceeds the ceiling price referenced in the MOFA (Ministry of Foreign Affairs 20230206外務省告示 (mofa.go.jp) notice dated 6 February 2023. In relation to these products the Japanese government has been taking the following measures from 6 February 2023 based on the Foreign Exchange and Foreign Trade Act: Import…
The Japanese government introduced further sanctions against Russia on 27 January 2023. These include: Designations of additional Russian individuals and entities The Japanese government designated an additional 22 individuals and 3 entities related to the Russian Federation and 14 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…