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Japan-Russia-Sanctions: Japan imposed sanctions on the banks of Russia and Belarus

Tokyo: The Japanese authorities has imposed sanctions on Russia’s Rosselkhozbank and Credit Financial institution of Moscow in addition to Belarus’s Financial institution for Improvement and Reconstruction in view of Russia’s particular army operation in Ukraine. In line with an announcement by the Ministry of International Affairs of Japan, together with freezing any belongings of those banks in Japan, in addition to banning monetary transactions with these establishments. The restrictions can be efficient from June 7. “In addition, the export of products that contribute to the strengthening of the industrial base of the Russian Federation has been banned,” the ministry mentioned.

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