Japan imposes sanctions on the Russian financial sector and export of chips

by AFP

In agreement with its G7 partners, Japan announced additional sanctions against Moscow for the invasion of Ukraine that affected its financial sector and the export of electronic components to Russia.

The sanctions include an asset freeze and a halt to the issuance of visas to Russian individuals and organisations.” Prime Minister Fumio Kishida said at a press conference in Tokyo after a virtual meeting with G7 leaders.

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Kishida also announced the imposition of sanctions “In the financial sector, such as freezing the assets of Russian financial institutions” Measures “On exports to Russian military-related organizations” and on “general use goods such as semiconductors”.

The Japanese leader urged Russia to “Withdraw your forces at once.” Ukraine and “consistent with international law.”

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Kishida said Japan “strongly condemns” Russia’s actions “which violate Ukraine’s sovereignty and territorial integrity in violation of international law,” warning of further sanctions “if the situation worsens.”

on your side, Australia also announced the first round of sanctions against Russia. Prime Minister Scott Morrison has made clear that Australia will deny entry to eight members of Russia’s Security Council, who will apply financial sanctions.

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In addition to the sanctions imposed on industries from various sectors such as energy, mining and hydrocarbons in Donetsk and Lugansk, as well as banking institutions such as VEB and the Russian Military Bank, among others. With this action, Australia is following in the footsteps of its allies such as the United States and the United Kingdom.

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