4 views left Get unlimited views with a free account

Explore Russia's latest macroeconomic trends and forecasts to inform business strategy and pinpoint opportunities and risks

Economic Sanctions Imposed on Russia by Japan

Economic, diplomatic, and trade were the major type of sanctions imposed on Russia by Japan
Financial, Consumer, Aerospace, Defense & Security, Technology, Banking & Payments, and Travel & Tourism were the major sectors impacted by the sanctions imposed by Japan
The first set of sanctions imposed by Japan includes a ban on the issuance of Russian bonds in Japan and a travel ban on specific Russian citizens

Major Sanctions Imposed on Russia by Japan

The first set of sanctions imposed by Japan include prohibiting the issuance of Russian bonds in Japan and restricting certain Russian individuals from traveling to Japan
Japan expanded its measure to freeze the assets of an additional 70 Russian people and organizations to implement a ban on exports to 90 military-related organizations. Moreover, Japan banned new imports of Russian gold to harden the sanction pressure on Moscow
Japan froze the assets of the Russian Agricultural Bank, Credit Bank of Moscow, and Belarusian bank of development and reconstruction. The payment and transactions through the banks were allowed with prior permission from Japanese authorities
Japan sanctioned export bans on Russian and Belarussian individuals and entities. According to the Japanese Foreign Ministry, the ban included 65 Russian and 25 Belarussian organizations. Moreover, Japan government froze the assets of 57 Russian individuals and six organizations with whom financial transactions will be banned
Japan included 21 Russian companies to the sanction lists and banned the exports of "chemical weapons-related" goods to Russia, according to the Japanese Foreign Ministry
Japan plans to prohibit the export of luxury goods to Russia while also banning the import of certain goods from Russia
Japan will prevent Russia from receiving financing from leading multilateral financial institutions that include the IMF, and the World Bank
A further expansion of the scope of persons subject to asset freezing among the elite class, business oligarchs, and so on who have close ties to President Putin
A further strengthening of financial sanctions through cooperation with cryptocurrency exchange entities and others as a response to Russia avoiding sanctions by using digital assets and other means
Japan has extended sanctions to 15 Russian nationals and nine organizations over the continued Russian invasion of Ukraine
Tokyo froze the assets of 25 more Russians and prohibited exports to 81 Russian organizations.
Tokyo has banned the exports of luxury cars, jewelry and other goods to Russia
On March 29, 2022, the Japanese Government announced a ban on the export of luxury goods from Japan to Russia from April 5, 2022.
Japan has expelled eight Russian diplomats and trade representatives
The Japanese government has also barred new investments in Russia and has frozen assets held by major Russian lenders and assets of an additional 400 or so military personnel and lawmakers and some 20 military-related organizations
Japan approved more sanctions against Moscow, freezing the assets of 398 Russian individuals, including two of President Vladimir Putin's daughters and the wife of Foreign Minister Sergey Lavrov

Explore Russia's latest macroeconomic trends and forecasts to inform business strategy and pinpoint opportunities and risks Explore Russia's latest macroeconomic trends and forecasts to inform business strategy and pinpoint opportunities and risks Visit Report Store