Business

Japan imposes new sanctions on Russia — Analysis

Tokyo has added Mikhail Mishustin (Prime Minister) and more than 140 people from Russia to its backlist

Over Russia’s continued military intervention in Ukraine, the Japanese government has issued a fresh round of sanctions. According to a Japanese Foreign Ministry statement, Tuesday’s announcement stated that the restrictive measures are being applied against eight Russian businessmen and officials as well as their families, which includes Prime Minister Mikhail Mishustin.

The leaders of the Donetsk and Lugansk People’s Republics, Denis Pushilin and Leonid Pasechnik, are also on the list.

These restrictions include the freezing of assets for these individuals in Japan. Tokyo also prohibited exports to 71 Russian businesses, including research and shipbuilding facilities as well as defense firms. Russia’s state anti-aircraft systems manufacturer, Almaz-Antey, was among the companies targeted by the sanctions.

Also, Russia bans the export to Russia of 3-D printers and quantum computers. Chief Cabinet Secretary Matsuno Hirokazu said that Tokyo strongly condemns Russia’s actions in Ukraine and also confirmed that Japan would phase out imports of Russian oil in line with the recent decision by the G7, which includes the US, UK, France, Canada, Germany, Italy, and Japan.

Fumio Kishida (Japan’s Prime Minister) stated on Monday that Russian oil must be phased out. “very difficult decision”For a country “heavily dependent on energy imports,”It is important to remember that this will take time.

Japan has supported the Western sanctions regime since the launch of Moscow’s military operation in Ukraine. Tokyo has frozen the assets of Russian individuals, banned the import of certain goods, and started phasing out imports of Russian coal, which amount to about 11% of the nation’s coal needs.

Russia blacklists Japanese PM

These developments led to a split between Tokyo and Moscow. Russia barred entry to the country of 63 Japanese officials including Kishida and other public figures on May 4. Japan’s foreign minister, as well as the defense, finance, and justice ministers, also made the list.

In March, Moscow terminated a 1991 arrangement allowing Japanese citizens to visit the Kuril Islands without a visa, and broke off talks with Japan on formally ending the Second World War, citing Tokyo’s “openly unfriendly” conduct.

A dispute over four islands at the Kuril chain’s southernmost point, Japan calling the Northern Territories of Japan, prevented the nations from signing a formal peace treaty. The islands were called by Yoshimasa Hayashi, the Japanese foreign minister. “illegally occupied” in the ministry’s annual foreign policy overview.

This story can be shared on social media

Tags

Related Articles

Back to top button