Press Releases

Measures based on the Foreign Exchange and Foreign Trade Act regarding the situation surrounding Ukraine

January 27, 2023

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 January 27, 2023”.

  1. Contents of the measures
  • (1) Asset Freeze measures
    Measures (i) and (ii) by the Ministry of Foreign Affairs Notice (promulgated on January 27) will come into effect for individuals and entities of the Russian Federation (22 individuals and 3 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 individuals of eastern and southern regions of Ukraine, who are considered to be directly involved in the purported “incorporation” by Russia (14 individuals).
  • (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.
  • (2) Prohibition on exports to specific entities of the Russian Federation
    Prohibition on exports to 49 entities designated by the Ministry of Foreign Affairs Notice (promulgated on January 27) as a specific entity of the Russian Federation will be introduced.
  • (3) Prohibition on exports to Russia of dual-use items which could contribute to the development of military capacity and others
    Prohibition on exports to Russia of dual-use items which could contribute to the development of military capacity and others will be additionally introduced.
  1. List of individuals and entities subject to asset freeze measures and other measures

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