Japan expanded sanctions against Russia's 'shadow fleet'

Japan has introduced a new package of sanctions against Russia, expanding restrictions, in particular, on vessels used to circumvent international sanctions.

According to a statement by the Japanese Ministry of Finance, 35 vessels have been placed under the new restrictions. Provision of certain services to them will now require permission from the Japanese authorities. Capital transactions related to the purchase or sale of such vessels, lending, and guaranteeing relevant contracts are also restricted.

Kyodo characterizes these vessels as part of Russia's "shadow fleet," which Moscow uses to bypass sanctions and maintain energy exports.

The restrictions on the vessels came into effect on October 2. For contracts concluded before this date, the Japanese government has provided a transitional period: some operations may be completed by November 1.

The maritime restrictions are only part of the new sanctions package. Japan also introduced asset freezes and restrictions on financial transactions for 33 organizations and nine individuals linked to Russia. In addition, export restrictions have been extended to four more companies outside Russia and Belarus that, according to the Japanese authorities, may be involved in circumventing sanctions.

Separately, the Japanese government decided to expand the ban on exports of goods that could contribute to strengthening Russia's industrial base. Tokyo explained the new measures by the need to support international efforts aimed at responding to Russian aggression against Ukraine.

Based on materials from: Ministry of Finance of Japan, Kyodo.