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Japan imposes new sanctions on Russian billionaire, and 16 others

Japan imposes new sanctions on Russian billionaire, and 16 others

Viktor Vekselberg

Japanhas decided to freeze assets of an additional 17Russianindividuals, bringing the total number targeted bysanctionsover Russia's invasion of Ukraine to 61, the Ministry of Finance said on Tuesday.

The step was taken after the United States on Friday imposedsanctionson a slew ofRussianindividuals includingbillionaireViktor Vekselberg and 12 members of the Duma, Russia's lower house of parliament.

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Vekselberg was also targeted in thesanctionsbyJapan, as well as 11 members of the Duma and five family members of banker Yuri Kovalchuk, the finance ministry said.

Japanwill act in line with other Group of Seven (G7) nations onsanctions, said the government's top spokesman, Hirokazu Matsuno.

"As forsanctionshereafter, we'll continue to watch conditions and, along with other G7 nations, respond appropriately," Matsuno told reporters at anews conference.

Tokyo has also imposedsanctionson Russia's central bank and seven private banks, among other organisations, as well as various Belarusian individuals and banks and organisations from the country over its support of Russia's invasion of Ukraine.

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As part of stronger curbs against Moscow,Japanalso said it will widen an export ban to Russia by including 31 items such as semiconductors, communication equipment, sensors and radar, as well as 26 technology packages from Friday.

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Moohita Kaur Garg

Moohita Kaur Garg is a journalist and Senior Sub-Editor at WION News with five years of experience covering the volatile intersections of geopolitics and global security. She has e...Read More