Press Releases
Measures based on the Foreign Exchange and Foreign Trade Act regarding the situation surrounding Ukraine
The Government of Japan has strongly condemned Russia’s procurement of arms from North Korea, as it constitutes a violation of relevant United Nations Security Council resolutions (UNSCRs) prohibiting the transfer and procurement of all arms and related materiel to and from North Korea, and may lead to further deterioration of the situation in Ukraine.
In view of the abovementioned 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 May 24, 2024”.
- 1. Contents of the measures
- (1) Asset Freeze measures
Measures (i) and (ii) will come into effect for entities and an individual of the Russian Federation (9 entities and 1 individual); and entities of a country other than the Russian Federation and the Republic of Belarus (2 entities) designated as subject to asset freeze measures by the Ministry of Foreign Affairs Notice (promulgated on May 24). - (i) Restriction on payment
A permission system will be applied to payments, etc. to entities and an individual 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 entities and individuals designated by the Ministry of Foreign Affairs Notice.
- 2. List of entities and an individual subject to asset freeze measures
