Japan Imposes Sanctions on Over 50 Companies from Russia and China

On 21 June, the Japanese government decided to impose economic sanctions on more than 50 companies and individuals from Russia and China who assist Russia in circumventing current sanctions. The sanctions target Russian and Chinese firms supplying electronics to Russia, according to Japan's Ministry of Foreign Affairs.

The Japanese government announced that it will freeze the assets of 10 individuals and 27 legal entities from Russia. Additionally, certain companies and individuals will face restrictions on financial operations and payments. The sanctions also target several members of Russia's Central Election Commission and leaders of various military-industrial companies.

"The asset freeze, if any assets are found in Japan, and the ban on transactions with Japanese firms and citizens now apply to entities including the Chelyabinsk Tractor Plant, the Perm Powder Plant, the Arzamas Instrument-Building Plant, two enterprises of the Almaz-Antey Concern, and other military-industrial enterprises," stated the Japanese Ministry of Foreign Affairs.

Among the Chinese companies sanctioned are seven entities through which Russia procures electronics. Furthermore, ten companies will be prohibited from exporting goods from Japan to certain entities in the Russian Federation and other countries.

Japan has also imposed sanctions on companies from India, Kazakhstan, Uzbekistan, and the UAE, with one entity from each of these countries included in the Japanese sanctions list.

As a reminder, The Gaze reported that EU ambassadors have agreed on a "strong and substantial" 14th package of sanctions against Russia in response to Russia's military aggression against Ukraine. The new measures include a ban on the transshipment of Russian liquefied natural gas (LNG) and a plan to hold EU operators accountable for sanctions violations by their subsidiaries and partners in third countries.