Japan and US unveil new sanctions against Russia

Japan and the United States of America decided to introduce new sanctions against Russia. Such a statement was made during the meeting of G7 leaders at the annual summit in the Japanese city of Hiroshima.

Nikkei informs about this.

Ukrainian President Volodymyr Zelensky also joined the talks at the G7 leaders' summit today, May 20.

As noted, the leaders of the "Big Seven" countries "confirmed their commitment to joint opposition to Russia's illegal, unjustified and unprovoked war of aggression against Ukraine."

A senior US official said there had been very specific talks between Washington and its partners on new sanctions.

The US Treasury Department stated that the newly implemented sanctions were designed to uphold the agreement between the G7 leaders to target further individuals employed in the Russian military-industrial complex sectors.

Enterprises involved in aerospace, quantum computing, and finance were included in the prohibited list.

"An additional 1,224 industrial products added to the list will now require a license for export or re-export and transfer within Russia and Belarus," the department's document emphasized.

The US Department of Commerce imposed sanctions on Russian defense industry enterprises, namely Prima Research and Production Enterprise, Izhevsk unmanned system Scientific and Industrial Association, "Strela," and "Rostvertol" companies.

The following companies are subject to the new restrictions:

• Briansk Automobile Plant,
• "Ural" car factory,
• Ural Civil Aviation Plant,
• Ulan-Uden Aviation Plant

G7 nations are looking to cease any activity that may be used to circumvent existing monetary penalties.

The finance ministry listed several examples of such schemes, including the sale of advanced technology to Russian entities involved in nuclear weapons development through Indian intermediaries.

In turn, Japan also imposes sanctions against the Russian Federation.

As Nikkei Asia writes, the country's government will freeze the assets of 100 individuals and legal entities that tried to violate the current restrictions.

Japan will also ban exports to approximately 80 Russian organizations linked to the war.

For reference:

As Rubryka reported, on May 19, Great Britain introduced new sanctions against Russian companies, financial institutions, and individuals. In particular, Rosbank and Tinkoff Bank were included in the list.

Moreover, Australia will introduce new sanctions against the terrorist country of Russia. The Russian companies "Severstal," "Rosneft," and "Polius" will be included in the list of restrictions.