Japan Imposes Additional Sanctions on Russia... Total of 101 Individuals' Assets Frozen
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[Asia Economy Reporter Cho Hyun-ui] On the 25th, the Japanese government announced additional sanctions against Russia's invasion of Ukraine, freezing the assets of 25 Russian individuals and banning exports to 81 institutions.
The new additional sanctions targets include Igor Shuvalov, former Russian Deputy Prime Minister and Chairman of the State Development Corporation, and five relatives of Sergey Chemezov, a close aide to Russian President Vladimir Putin and CEO of the state-owned defense company Rostec. With this, the number of Russians whose assets are frozen by Japan has increased to 101.
The Japanese Ministry of Finance also announced a ban on exporting luxury goods from Japan to Russia.
Since Russia's invasion of Ukraine on the 24th of last month, the Japanese government has announced several rounds of sanctions against Russia.
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CNN explained, "These sanctions come after Japanese Prime Minister Fumio Kishida pledged 'to express support for Ukraine' at the G7 summit held in Brussels, Belgium, on the same day."
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