Japan joins US in sanctioning China over support for Russia's war effort
- In Reports
- 08:20 PM, Jun 21, 2024
- Myind Staff
Japan imposed trade restrictions on several companies in China, India, Kazakhstan, and Uzbekistan for allegedly aiding Russia's war in Ukraine. The Japanese foreign ministry released a statement on Friday detailing the sanctions, as reported by Reuters.
This marks the first instance of Japan sanctioning Chinese companies in relation to the ongoing conflict.
The sanctioned entities include Asia Pacific Links Ltd., based in Hong Kong, accused of supplying microchips for Russian drones, and Yilufa Electronics Limited, based in China.
The United States has accused China of supporting Russia's military efforts in Ukraine by providing drone and missile technology. Last week, the US expanded its sanctions on Russia to include Chinese companies that sell semiconductors to Moscow.
Furthermore, reports indicate that China and Russia are implementing detailed measures to ensure uninterrupted bilateral financial transactions. This development potentially exposes some Chinese financial institutions to future sanctions.
The list of entities that are subjected to Japanese sanctions also includes 10 Russian government electorate commission officials and executives of companies of the Russian military-industrial complex. Japan has also blacklisted 27 Russia-based organisations for their involvement in the occupation of Ukraine territories.
Sanctions would necessarily lead to restrictions on transactions and freezing of assets. Unlike the G7 countries Japan hasn't provided any lethal military aid to Kyiv, but it threw its weight behind Ukraine.
In April Ukraine President Volodymyr Zelensky announced that Japan has provided Ukraine with military assistance worth more than $12 billion since the beginning of the war. Earlier Japan joined the international sanctions regime and other restrictions advocated by G7 countries against Russia.
Image source: India Today
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