Japan Announces Sanctions on Russia Over Actions in Ukraine

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Japanese Prime Minister Fumio Kishida said Wednesday the country is imposing sanctions on Russia over its recent actions in Ukraine.

The sanctions will include prohibiting the issuance of Russian bonds in Japan and freezing assets of certain Russian nationals, according to Kishida.

The prime minister said that Russia acted to violate Ukraine’s sovereignty and asked Moscow to engage in diplomatic talks. Kishida added that Japan was prepared to take further actions if the situation further deteriorates.

Russian President Vladimir Putin on Monday announced that Russia now regards two areas in Ukraine’s Donbas regions—Luhansk and Donetsk—as independent, and subsequently signed a decree authorizing Russian troops to be sent into the area for “peacekeeping operations.”

Japan relies Russia for some of its energy needs, with Russia providing more than 12 percent of Japan’s thermal coal in 2021, and almost a tenth of its liquefied natural gas.

Kishida said he did not foresee any significant impact on energy supplies in the short term and would take all measures into account to limit such impacts on households and companies should oil prices continue to rise.

Japan’s move comes after a number of western countries announced their own sanctions on Russia.

On Tuesday, Germany halted certification of the $11 billion Nord Stream 2 gas pipeline from Russia.

Meanwhile, U.S. President Joe Biden announced full blocking sanctions on two Russian financial institutions, as well as on five Russian elites and their family members, as well as sanctions on Russian sovereign debt. He promised more sanctions would be coming if Russia proceeds further.

The European Union announced that all 27 of its member countries have unanimously agreed on an initial list of sanctions targeting Russian legislators and authorities. The sanctions would also limit Russia’s access to EU capital and financial markets.

“This package of sanctions … will hurt Russia and it will hurt a lot,” EU foreign policy chief Josep Borrell said.

British Prime Minister Boris Johnson on Tuesday said the UK has imposed sanctions on five Russian banks and three wealthy individuals.

Reuters contributed to this report.

This story is developing; please check back for updates.

Mimi Nguyen Ly

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Mimi Nguyen Ly is a reporter covering world news with a focus on U.S. news. Based in Australia, she has a background in clinical optometry. Contact Mimi at mimi.nl@epochtimes.com



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