Japan-Ukraine Relations
Measures based on the Foreign Exchange and Foreign Trade Act regarding the situation surrounding Ukraine
June 21, 2024
In view of the current international situation over Ukraine, and for the purpose of contributing to the international efforts for achieving international peace aimed at a solution of the issue, in line with the measures taken by other major countries, the Government of Japan has introduced the following measures under the Foreign Exchange and Foreign Trade Act, based on the Cabinet Understanding of “Asset Freeze for individuals and entities of the Russian Federation and other measures as of June 21, 2024”.
- 1. Contents of the measures
- (1) Asset Freeze measures
Measures (i) and (ii) will come into effect for individuals and entities of the Russian Federation (10 individuals and 27 entities) ; individuals and entities considered to be directly involved in the “annexation” of the Autonomous Republic of Crimea and the City of Sevastopol or the destabilization of Eastern Part of Ukraine, as well as individuals and entities of eastern and southern regions of Ukraine, which are considered to be directly involved in the purported “incorporation” by Russia (1 individual and 1 entity); and an entity of a country other than the Russian Federation and the Republic of Belarus (1 entity) designated as subject to asset freeze measures by the Ministry of Foreign Affairs Notice (promulgated on June 21).
- (i) Restriction on payment
A permission system will be applied to payments, etc. to individuals and entities designated by the Ministry of Foreign Affairs Notice. - (ii) Restriction on capital transactions
A permission system will be applied to capital transactions (i.e., contract of deposit, trust, and money loan) with the individuals and entities designated by the Ministry of Foreign Affairs Notice.
- (i) Restriction on payment
- (2) Prohibition on exports to specific entities of the Russian Federation and countries other than the Russian Federation and the Republic of Belarus
Prohibition on exports to 14 specific entities of the Russian Federation; and 10 specific entities of countries other than the Russian Federation and the Republic of Belarus designated by the Ministry of Foreign Affairs Notice (promulgated on June 21) will be introduced. - 2. List of individuals and entities subject to asset freeze measures and other measures
- Reference：
- (Appendix1) Entities and individuals of the Russian Federation subject to asset freeze measures and others (PDF)
- (Appendix2) Entities and individuals considered to be directly involved in the “annexation” of the Autonomous Republic of Crimea and the City of Sevastopol or the destabilization of Eastern Part of Ukraine, as well as entities and individuals of eastern and southern regions of Ukraine, which are considered to be directly involved in the purported “incorporation” by Russia, subject to asset freeze measures and others (PDF)
- (Appendix3) Entities of countries other than the Russian Federation and the Republic of Belarus subjects to asset freeze measures and others (PDF)
- (Appendix4) Specific entities of the Russian Federation subject to export-related prohibitions (PDF)
- (Appendix5) Specific entities of countries other than the Russian Federation subject to export-related prohibitions (PDF)