Posted: 3 months ago

Japan Freezes Assets of Russia's Central Bank

Japan, along with United States and its allies, has introduced a new package of sanctions aimed at freezing assets for the Russia's leaders and three financial institutions.

Apart from the President of Russia, Vladimir Putin and the Minister of Foreign Affairs, Sergey Lavrov, Japan will freeze the assets of state-owned banks: Промсвязьбанк, Vnesheconombank, and the Central Bank.

The sanctions also targeted 49 Russian exporters, which were banned from exporting by the Japanese government. "We have agreed to apply strong sanctions against Russia," the Japanese prime minister said during an online meeting with Western leaders, including President Biden.