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Japan Imposes Export Ban on Several Russian Enterprises

Israa Farhan by Israa Farhan
12:28 PM July 5, 2022
Japan Imposes Export Ban on Several Russian Enterprises
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Japan stated Tokyo is imposing an export ban on 90 Russian Belarusian enterprises, due to the situation in Ukraine.

The statement was released by the Japanese Ministries of Foreign Affairs, Finance, Economy, Industry, and Trade.

The list of new sanctions includes 57 individuals and 6 institutions from Russia, including Volodymyr Saldo, the head of the military-civilian administration of the Kherson region and his deputy Kirill Stremousov, Deputy Prime Minister Dmitry Grigorenko, and relatives of the main owner of “Severstal” Alexei Mordashov, as well as musician Sergei Roldugin and his wife.

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“Almaz-Antey”, and the Fund for Strategic Culture are among the companies that are banned, in addition to a  number of Russian media sites, which include “South Front” and “Info Russia”.

Sanctions include freezing of assets in Japan, if any, as well as a ban on conducting financial transactions with such individuals and organizations.

Moreover, Tokyo imposes a ban on the provision of services to Russia, including audit services, management consulting, and trust services. The ban will be under implementation on September 5.

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