Japan's additional sanctions on Russia include an effective ban on new investments. The ban is based on the foreign exchange and foreign trade law.
Government approval will be required to obtain more than 10 percent of a Russian company's shares, or to extend new loans to Russian companies or organizations for over a year.
The measure will take effect on May 12.
The Finance Ministry says investments that have already been made are not subject to the measure and will not be affected.
Government approval will be required to obtain more than 10 percent of a Russian company's shares, or to extend new loans to Russian companies or organizations for over a year.
The measure will take effect on May 12.
The Finance Ministry says investments that have already been made are not subject to the measure and will not be affected.
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Summary
Japan introduces new sanctions against Russia, effective May 12th, with an investment ban on acquiring more than 10% of Russian company shares or extending loans over a year. The restrictions are based on foreign exchange and trade law, and existing investments will not be affected by this measure.
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ID: 62556121-72a8-4381-a44a-2672c0a80b98
Category ID: nhk
URL: https://www3.nhk.or.jp/nhkworld/en/news/20220412_23/
Date: April 12, 2022
Created: 2022/04/12 20:23
Updated: 2025/12/09 17:02
Last Read: 2022/04/12 20:23