The Japanese government designated two additional Russian banks, Credit Bank of Moscow and Russian Agricultural Bank (Rosselkhozbank), and one Belarusian bank, Belinvestbank (Belarusian Bank for Development and Reconstruction). These banks are subject to restrictions on payments, requiring a license to make a payment to the designated banks, and restrictions on capital transactions, requiring a license for capital transactions including deposits, trusts, and loan contracts with the designated persons or entities. The asset freeze measures against the newly designated banks will go into effect on July 7, 2022. Additionally, effective June 17, 2022, the Japanese government introduced an export ban on a variety of products that strengthen Russia’s industrial base. Products subject to the export ban, including related technologies, cover wood and articles of wood such as sheets for veneering and coopers’ products, reservoirs, tanks, vats and similar containers of iron or steel, interchangeable tools for hand tools or machine-tools, knives and cutting blades for machines, boilers, machineries and accessories and parts thereof, electrical machinery and equipment and parts thereof, rail locomotives and railway or tramway maintenance or service vehicles and open wagons, vehicles other than railway or tramway rolling-stock and parts and accessories thereof, and optical, photographic, cinematographic, measuring, checking, precision instruments and parts and accessories thereof.
