Japan approved additional sanctions on Russia at a Cabinet meeting, expanding restrictions tied to sanctions evasion and oil transport. Under the new measures, Japan will in principle ban the provision of services including operations, maintenance, insurance, and financing to 35 vessels described as part of a “shadow fleet” accused of secretly transporting crude oil while helping bypass Western sanctions.
Japan also placed 33 Russia-related military groups and nine individuals on an asset freeze list. The newly designated entities include a group involved in using crypto assets to evade financial sanctions. The move puts crypto-related sanctions evasion alongside shipping and military-linked designations in the latest round of Japanese measures against Russia, according to Odaily.
Japan decided at a Cabinet meeting to impose additional sanctions on Russia, according to Odaily. Under the measures, Japan will in principle prohibit the provision of services such as operations, maintenance, insurance, and financing to 35 vessels in a “shadow fleet” accused of bypassing Western sanctions and secretly transporting crude oil.
Japan also added 33 Russian military-related groups and nine individuals to its asset freeze list. The designated entities include a group involved in using crypto assets to evade financial sanctions.
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