Japan imposed an embargo on gold imports from Russia

Tokyo announced the prohibition on the import of gold from Russia in connection with the situation in Ukraine. In addition, from September 5, Japan will refuse to provide the Russian Federation with trust, accounting, auditing and consulting services. So far, the details of the import ban have not been determined, and the country's Ministry of Finance intends to announce them later.

The Japanese authorities also included in the sanctions list 57 citizens of the Russian Federation, as well as 5 persons, in their opinion, involved in the destabilization of the situation in eastern Ukraine. In addition, restrictive measures will affect six companies from Russia – JSC Concern VKO Almaz-Antey, the Strategic Culture Fund, as well as a number of information portals, including SouthFront and Inforos.

Japan also imposes a ban on the export of goods for 65 Russian organizations involved in aviation and shipbuilding, and 25 Belarusian companies. In total, since the beginning of the military invasion of Ukraine, about 800 Russians and Belarusians, as well as about 300 Russian companies, have been subject to Japanese sanctions.

The Japanese authorities agreed to impose an embargo on Russian gold with their counterparts from the G7 countries at a summit in Bavaria. The United States has already imposed a ban on imports of precious metals from Russia in an attempt to substantially reduce an important Russian export. It is worth noting that last year gold exports brought the Russian economy more than $15 billion.