Sanctions on Russia

Trade

  • New general sanctions, export bans; import ban on diamonds

    A total of 35 Generals and 44 entities in Russia, Ukraine or the UAE were designated as sanctioned parties in Japan.
    57 entities in Russia and 6 entities in other countries were designated as specified entities, to whom exports of any items from Japan are prohibited.
    Japan will introduce a new import ban on non-industrial diamonds that are shipped from Russia from January 1, 2024. HS codes of those prohibited items are; 7102.10, 7102.31, and 7102.39.

  • Diamond import ban

    Prohibit the direct import of diamond and diamond-related products originating from Russia in-line with G7 commitments. 

  • 11th package of sanctions against Russia

    The agreed package includes measures to:

    strengthen bilateral and multilateral cooperation with third countries to impede sanctions’ circumvention;
    prohibit the transit of goods and technology via Russia;
    tighten export restrictions.

  • New Russian generals and entities sanctioned, expands export and service bans

    Sanctions for additional 17 Generals and 78 entities related to the Russian Federation and 7 Generals related to annexation, subjecting them to restrictions on payments and capital transactions. Effective 2 June 2023, the Japanese government also introduced an export ban to 80 designated entities of the Russian Federation.

  • Aluminium & steel import ban

    Prohibit the import of aluminum and steel products originating from Russia.

  • 10th package of sanctions against Russia

    The agreed package includes bans on:

    exports of critical technology and industrial goods;
    imports of asphalt and synthetic rubber;
    provision of gas storage capacity to Russian entities;
    transit through Russia of EU exported dual use goods and technology.

  • Import and service bans on Russian oil products above ceiling price

    An import ban applies to oil products of Russian origin bought at a price exceeding the ceiling price unless permission is obtained from the Ministry of Economy, Trade and Industry. A license must be obtained for the provision of loan agreements, debt guarantee contracts, debts offsets, brokerage transactions, and other designated services related to the purchase of oil products of Russian origin bought at a price exceeding the ceiling price. 

  • Oil price cap enforcement

    OFAC announces that, from 5 February 2023, US persons will be barred from providing maritime-transport and related services for Russian-origin petroleum products unless the cargo is sold at or below a forthcoming price cap.

  • Secondary sanctions for significant transactions with Russian gold

    The NDAA orders blocking and visa sanctions on any non-US person who knowingly conducts a significant transaction involving the sale, supply, transfer or transport of Russian gold.

  • Oil cap enforcement, prohibition of services

    Prohibit the provision of services, in relation to the maritime transport of Russian crude oil, unless the oil is purchased at or below the price outlined in the G7+ Coalition Oil Price Cap List. Listed 33 Generals and 6 entities.