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Japan imposes ban on Russia, Belarus

The sanctions envision freezing assets in Japan if any, as well as banning financial transactions with these individuals and organizations.

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Tokyo: Japan is imposing an export ban on 90 organizations from Russia and Belarus in light of the situation in Ukraine, a bulletin of the Japanese foreign, finance, and economy ministries says.

“According to a (Japanese) Foreign Ministry notification, a restriction on export is introduced for 65 organizations from the Russian Federation and for 25 organizations from Belarus,” according to the document published by the Japanese Finance Ministry.

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Japan is also imposing a ban on the provision of services to Russia, including auditing, management consulting services, and trust services. The ban will take effect on September 5.

The document says Tokyo is imposing sanctions on 57 Russian individuals and six organizations, including the head of the Kherson Region’s military-civilian administration Vladimir Saldo and his deputy Kirill Stremousov, Russian Deputy Prime Minister Dmitry Grigorenko, as well as relatives of Severstal majority shareholder Alexey Mordashov.

The sanctions envision freezing assets in Japan if any, as well as banning financial transactions with these individuals and organizations.

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