Japan will expand sanctions on 160 organizations and individuals from Russia

According to Prime Minister Fumio Kishida, sanctionsdirected against individuals and organizations associated with the Russian defense industry.Their accounts in Japan will be frozen

Japan will expand anti-Russian sanctions to 70 individuals and 90 legal entities, as well as impose a ban on the import of gold and the provision of a number of services. This was reported by the NHK TV channel with reference to the statement of Japanese Prime Minister Fumio Kishida at the G7 summit.

According to the prime minister, the sanctions will affect individuals and organizations primarily associated with the Russian defense industry. Their accounts in Japan will be frozen.

“We reject a world in which unilateral changes in the status quo, such as Russia’s invasion of Ukraine, are ubiquitous, and we will strengthen the international order based on the rule of law,” Kishida stressed.

Only four out of 168 Japanese companies left the Russian market Business

Since the end of February, the Japanese government has approved several packages of restrictive measures against RUSSIA, imposed sanctions against companies and individuals, banned investments in the country, restricted exports and revoked preferential treatment in trade. In particular, in early June, Tokyo decided to ban the EXPORT to Russia of products that “help strengthen the industrial infrastructure”: steel tanks, conveyors, dump trucks, bulldozers, looms, and more.

NHK previously reported that sanctions against Russia caused the loss of more than $2.7 billion by the largest Japanese banks Mitsubishi UFJ, Sumitomo Mitsui and Mizuho. Most of the losses are caused by the fact that bank customers cannot repay loans issued to them under the influence of sanctions restrictions.

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Russia took measures in response to the sanctions: it banned the entry of 63 Japanese citizens. The restrictions included Prime Minister Fumio Kishida, Cabinet Secretary General Hirokazu Matsuno, Foreign Minister Yoshimasa Hayashi, Finance Minister Shun'ichi Suzuki, Defense Minister Nobuo Kishi and Justice Minister Yoshihisa Furukawa, as well as members of both houses of the Japanese Parliament. Before that, back in March, Moscow refused to negotiate with Tokyo on a peace agreement.