Japan Imposes Chip Export Sanctions On Russia

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Japan will also impose sanctions on exports to Russian military-related organizations, items on restricted lists based on international agreements

In light of the ongoing Russia-Ukraine war, Japan has announed that it will impose sanctions on Russia that revolve around semiconductor chip exports and financial institutions.

Japanese Prime Minister Fumio Kishida told, “The Ukraine invasion by Russia is a serious issue affecting international order that includes not only Europe but also Asia.”

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The announcement came after Russian President Vladimir Putin unleashed a full-scale ground invasion and air assault on Ukraine on Thursday.

Japan will also impose sanctions on exports to Russian military-related organizations, items on restricted lists based on international agreements, and exports of semiconductors and other general-purpose products to Russia.

Japan is a key US ally and member of the Group of Seven, which held virtual talks overnight and agreed “to move forward on devastating packages of sanctions and other economic measures to hold Russia to account”, Biden said.

Kishida said the sanctions were determined after Japan closely exchanged information with the U.S., EU nations and other G-7 countries. “We can show the strength of the solidarity of the international community,” said Kishida.

The United States has also announced export controls on sensitive components that US President Joe Biden said will “cut off more than half of Russia’s high-tech imports”.

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