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Japan introduces effective ban on new investments in Russia NHK

Japan introduced additional sanctions on Russia on Thursday over Russia's invasion of Ukraine. They include an effective ban on new investments.

Government approval is required to obtain 10 percent or more of a Russian company's shares, or to extend new loans to Russian firms with terms lasting over a year. That means an effective ban on those activities.

Payments to Russian firms and other organizations are also banned.

Japan has taken a series of measures in response to Russia's aggression.

The government introduced restrictions on the transfer of crypto assets by people on the sanction list to third parties on Tuesday. The move is aimed at preventing the use of digital assets as a loophole.

The Japanese government also stripped Moscow of "most favored nation" trade status last month, raising tariffs on imports from Russia.

Also on Tuesday, the government added 141 people, including Russian Prime Minister Mikhail Mishustin, to its list of those subject to asset freezing.
Summary
Japan imposed additional sanctions on Russia over the Ukraine invasion, effective Thursday. The measures include a ban on new investments and government approval for obtaining significant shares or extending long-term loans to Russian companies. Payments to Russian entities are also prohibited.
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ID: 627c9914-27a8-44ed-95b7-586bc0a80b98

Category ID: nhk

URL: https://www3.nhk.or.jp/nhkworld/en/news/20220512_01/

Date: May 12, 2022

Created: 2022/05/12 14:20

Updated: 2025/12/09 16:25

Last Read: 2022/05/12 14:20