Kalashnikov, Tinkoff bank, diamond industry: Japan’s sanctions target new areas of Russian business

Japan has approved new sanctions against the Russian Federation due to its aggressive war against of Ukraine, in particular, applying an export ban to 20 more Russian companies.

Bloomberg reported this with reference to the Ministry of Foreign Affairs of Japan.

“We have decided on the latest sanctions in cooperation with the G-7 from the perspective of what will be effective in achieving a just and lasting peace in Ukraine,” Japanese Chief Cabinet Secretary Yoshimasa Hayashi said at a press briefing on 1 March 2024.

“Japan will continue to cooperate with the international community, including the G-7,” he added.

As noted by the Russian Radio Liberty service, a total of 36 organizations and individuals fell under the new restrictions.

Among them is the son of the ex-governor of Krasnoyarsk, Artem Uss, who escaped from house arrest in Italy. Russia’s defense industry concerns – “Kalashnikov” and “Almaz-Antey”, as well as “Tinkoff Bank” and the United Shipbuilding Corporation – fell under the restrictions as well.

“Atomflo” enterprise, concerns “Uralvagonzavod”, “Basalt”, OSK, companies “Aviadvigun”, “Aeroscan”, “Neva electronics”, “Angström” and other companies also fell under sanctions.

In addition, the restrictions apply to children’s rights commissioners in the Kaluga and Rostov regions of the Russian Federation, Iryna Ageeva and Iryna Cherkasova, the human rights commissioner in Chechnya, Mansur Soltaev, the director of Artek resort in the temporary occupied Crimea, Konstantin Fedorenko, and others.

Japan has also banned imports of non-industrial Russian diamonds from third countries.

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