Press Releases
Measures based on the Foreign Exchange and Foreign Trade Act regarding the situation surrounding Ukraine
December 15, 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 December 15, 2023”.
- Contents of the measures
- (1) Asset Freeze measures
Measures (i) and (ii) will come into effect for individuals and entities of the Russian Federation (19 individuals and 43 entities) ; 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 (16 individuals) ; and an entity of a country other than the Russian Federation and the Republic of Belarus designated as subject to asset freeze measures by the Ministry of Foreign Affairs Notice (promulgated on December 15). - (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 and countries other than the Russian
Federation and the Republic of Belarus
Prohibition on exports to 57 specific entities of the Russian Federation and 6 specific entities of countries other than the Russian Federation and the Republic of Belarus designated by the Ministry of Foreign Affairs Notice (promulgated on December 15) will be introduced. - (3) Prohibition on imports of non-industrial diamonds from the Russian Federation
Prohibition on imports of non-industrial diamonds from the Russian Federation will be additionally introduced.
(Note) This measure will be designated at a later date by the Ministry of Economy, Trade and Industry Notice.
- 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)
- (Appendix 2) 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, subject to asset freeze measures and others (PDF)
- (Appendix3) An entity of a country other than the Russian Federation and the Republic of Belarus subject 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 and the Republic of Belarus subject to export-related prohibitions (PDF)