ANNOUNCEMENT 25 Mar 2022

25 March 2022 - The Japanese government announced more sanctions in response to the Russian invasion of Ukraine.

NUMBER OF INTERVENTIONS

2

  • 2 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

Japanese Ministry of Foreign Affairs, 25 March 2022. (ウクライナ情勢に関する外国為替及び外国貿易法に基づく措置について)
https://www.mofa.go.jp/mofaj/press/release/press6_001089.html

Inception date: 25 Mar 2022 | Removal date: open ended

Export ban

On 25 March 2022, the Japanese Ministry of Foreign Affairs (MOFA) issued a press release announcing the eighth tranche of targets for its economic sanction measures in response to the Russian invasion of Ukraine.  The announcement introduced an export ban on 'luxury goods', applicable to the entire Russian Federation.

On 29 March 2022, the Ministry for Economy, Trade and Industry (METI) issued another press release, delineating exactly what these 'luxury goods' were. This list read as follows:

  1. Alcoholic beverages
  2. Tobacco products
  3. Perfumes and cosmetics
  4. Leather products
  5. Furs
  6. Clothing and footwear (of value over JPY 100'000 [USD 81'000])
  7. Hats (of value over JPY 100'000 [USD 81'000])
  8. Carpets
  9. Jewellery (of value over JPY 40'000 [USD 324])
  10. Gold coins, gold bullion
  11. Ceramic products
  12. Glass products
  13. Diving equipment
  14. Passenger cars (of value over JPY 6 million [USD 48'600]) and motorbikes (of value over JPY 600'000 [USD 4'860]), including motorised chassis, bodies, etc.
  15. Laptop computers
  16. Watches (containing precious metals)
  17. Grand pianos (of value over JPY 200'000 [USD 1'620])
  18. Artwork and bone art

The press release also included an export ban on all products targeting 81 specific companies (see related intervention) as well as the introduction of further 25 individuals to the list of those subject to 'asset freezes' by the Japanese government. 

Inception date: 25 Mar 2022 | Removal date: open ended

Export ban

On 25 March 2022, the Japanese Ministry of Foreign Affairs (MOFA) issued a press release announcing the eighth tranche of targets for its economic sanction measures in response to the Russian invasion of Ukraine. In this release, 81 firms—and some of their subsidiaries—were listed as specific targets of an export ban on any goods.

The press release also referred to an additional export ban on 'luxury goods' (see related intervention), as well as the inclusion of further 25 individuals to the list of those subject to 'asset freezes' by the Japanese government. 

 
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