Japan Sanctions Chinese Companies For Supporting Russia's War Against Ukraine
Date
6/21/2024 2:21:09 AM
(MENAFN- UkrinForm) Japan imposed trade restrictions on China-based companies as part of a fresh round of sanctions against individuals and groups supporting Russia's war on Ukraine, the Japanese Foreign Ministry said.
That's according to Reuters , Ukrinform reports.
The new sanctions also target firms in India, Kazakhstan, and Uzbekistan. It marks the first time Japan has imposed sanctions on China-based firms in connection with the war in Ukraine, according to Japan's foreign ministry.
Targeted firms include Hong Kong-based Asia Pacific Links Ltd, which provided microchips for Russian drones, and China-based Yilufa Electronics Limited.
The sanctions, which are in line with previous measures imposed by other countries including the United States, forbid Japanese companies from exporting to the targeted firms.
U.S. officials have said China is backing Russia's war effort in Ukraine by providing drone and missile technology for Moscow's biggest military buildup since the Soviet era.
The U.S. broadened its sanctions on Russia last week, including by targeting China-based companies selling semiconductors to Moscow.
Beijing and Moscow are also taking complex steps to ensure bilateral payments are made, potentially exposing some Chinese financial firms to sanctions.
Earlier reports said that EU ambassadors had agreed on the 14th package of sanctions against Russia in response to its aggression against Ukraine.
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