The situation around Ukraine may affect the prices of agricultural products in Japan

The situation around Ukraine may indirectly affect the domestic market of agricultural products in Japan, said Minister of Agriculture, Forestry and Water Resources Genjiro Kaneko.

"There is a possibility that there will be an indirect impact on the agricultural sector. We are collecting information regarding the impact on food prices in Japan," the minister said, quoted by the Kyodo news agency at a press conference.

Japanese Prime Minister Fumio Kishida at an emergency press conference on Friday said that Japan is strengthening sanctions against RUSSIA in connection with the situation in Ukraine.

In particular, they imply a capital freeze, a ban on the issuance of visas to individuals and organizations, a freezing of assets of Russian financial institutions, and sanctions are also imposed on exports to organizations associated with the military industry, exports of goods from a list based on international agreements, semiconductors and other goods. universal purpose.

The energy sector was excluded from the sanctions. Prior to this, on February 23, in connection with Russia's recognition of the DPR and LPR, Kishida announced a ban on issuing visas to representatives of these republics, on conducting export-import operations and on placing new sovereign debt and operations with it in Japan. As possible consequences for Japan, experts name the rise in prices for energy resources and food, primarily for FLOUR products.