December 6, 2022

Volume XII, Number 340


December 05, 2022

Subscribe to Latest Legal News and Analysis

Japan Actions to Date on Russia and Russia-related Sanctions

The government of Japan has responded to the conflict in Ukraine with the following sanctions measures (listed by date, beginning with most recent):

March 15, 2022: Japan adds 17 additional Russian individuals to its sanctions list and freezes their assets.  Additionally, Japan extends export bans to certain cargo and service transactions.

March 8, 2022: Japan’s Cabinet decided “to freeze the assets of people related to Russia and Belarus, prohibit the export of oil refining equipment and the like to Russia, prohibit exports to organizations related to the Armed Forces of Belarus, and prohibit exports of general items considered to contribute to strengthening the military capabilities of Belarus.”

March 3, 2022: Japan announced it would freeze assets held by four additional banks—VTB Bank, Bank Otkritie, Sovcombank, and Novikombank—in accordance with updated EU sanctions.  Additionally, Japan froze the assets of 18 Russian nationals; seven Belarusian government officials, including President Aleksandr Lukashenko and Defense Minister Viktor Khrenin; and two Belarusian entities.

February 25, 2022: Japan froze assets held by Promsvyazbank, Bank Rossiya, and VEB.RF.

February 24, 2022: Japan announced it would suspend the issuance of visas to individuals from the so-called Donetsk People’s Republic (DNR) and Luhansk People’s Republic (LPR); freeze the assets held by those individuals in Japan; prohibit imports from and exports to the DNR and LPR; prohibit new Russian sovereign debt transactions; and further restrict certain designated Russian banks’ ability to issue or offer securities in Japan.

Our related publications: 

Additional US, UK and EU Sanctions on Russia (March 2022)

The US, UK, and EU Impose a Series of New Targeted and Territorial Russia-Related Sanctions(February 2022)

Russia Sanctions Update: What Risk Management Steps Can Be Taken Now? (February 2022)

Transatlantic Trade | US and Europe

© Copyright 2022 Squire Patton Boggs (US) LLPNational Law Review, Volume XII, Number 81

About this Author

We employ a comprehensive approach when it comes to our International Trade practice. We focus on global import and export compliance, international trade policy and market access and trade remedies/defense. Our lawyers practice international trade law in almost every country where we have an office, and our full-time practitioners operate out of our Washington DC, London and Brussels offices.

We offer a “one-stop” service encompassing international trade compliance and policy acumen to make necessary judgments while operating effectively in a...