Japan imposes sanctions on Russia’s financial sector and chip exports

By AFP

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

The sanctions include asset freezes and suspension of visa issuance for Russian individuals and organizations. 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 sanctions “in the financial sector, such as freezing the assets of Russian financial institutions” and actions “on exports to Russian organizations associated with the army” and on “general purpose goods such as semiconductors”.

Japanese leader urges Russia to “withdraw your troops immediately” Ukraine and to “in accordance with international law”.

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Japan “strongly condemns” Russia’s actions “in violation of Ukraine’s sovereignty and territorial integrity in violation of international law,” Kishida said, 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 detailed that Australia would bar the entry of eight members of Russia’s security council, which would impose financial sanctions.

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In addition to sanctions against industries from various sectors such as energy, mining and hydrocarbons in Donestsk and Lugansk, as well as banking institutions such as the VEB and the Russian military bank, among others. With this move, Australia is following in the footsteps of its allies such as the United States and Britain.

Roderick Gilbert

"Entrepreneur. Internet fanatic. Certified zombie scholar. Friendly troublemaker. Bacon expert."

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