Japan has decided at a cabinet meeting to impose additional sanctions on Russia, according to a report by Nikkei cited by Cankao Xiaoxi and relayed by ChainCatcher. The new measures target 35 vessels in Russia’s so-called “shadow fleet,” which has been used to secretly transport crude oil to avoid Western sanctions. Under the decision, Japan will in principle ban the provision of operational support, maintenance, insurance and financing services to those ships. Separately, the Japanese government added 33 Russian military-related organizations and nine individuals to a new asset-freeze list. The list includes a group accused of using crypto assets, or virtual currencies, to evade financial sanctions. The move places crypto within a broader sanctions-enforcement framework rather than as a standalone policy step, based on the details provided in the report.
Japan has decided at a cabinet meeting to impose additional sanctions on Russia, according to Nikkei in a report cited by Cankao Xiaoxi and relayed by ChainCatcher.
The measures target 35 vessels in Russia’s so-called “shadow fleet,” which has been used to secretly transport crude oil to avoid Western sanctions. Under the decision, Japan will in principle ban the provision of operational support, maintenance, insurance and financing services to those ships.
Separate from the action against the shadow fleet, the Japanese government also added 33 Russian military-related organizations and nine individuals to a new asset-freeze list. The entities newly designated include a group involved in using crypto assets, described in the report as virtual currencies, to evade financial sanctions.
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