Japan, in collaboration with its G7 counterparts, is strategizing new sanctions against Russia.
In Tokyo on February 24, Prime Minister Fumio Kishida announced that Japan is contemplating imposing additional sanctions on Russia in response to its invasion of Ukraine, aligning with actions taken by other Group of Seven (G7) nations. Kishida made this statement ahead of a scheduled discussion with other G7 leaders and Ukrainian President Volodymyr Zelenskiy later that day. While he did not provide specific details, Kishida indicated that he would introduce new sanction proposals during the meeting. This announcement follows Britain’s recent declaration of a fresh set of sanctions against Russia, including export prohibitions on all items utilized by Russia in warfare. Similarly, the United States has expressed its readiness to implement additional measures in response to the situation.
“Russia is refusing to change their hardline stance,” Kishida informed reporters during a news conference marking the one-year anniversary of the invasion, which Moscow terms a “special military operation.” “The international community must unite, demonstrate solidarity, and implement robust sanctions against Russia.”
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Last month, Japan escalated sanctions against Russia, including the prohibition of certain exports and the freezing of assets belonging to Russian officials and entities. While Japan’s actions have not matched those of some Western nations, Japanese firms have retained interests in Russian oil and gas ventures deemed crucial for Japan’s energy requirements.
Kishida, who will host the G7 summit in Hiroshima in May, mentioned considering a trip to Ukraine as a gesture of support for the country. This comes after U.S. President Joe Biden’s unexpected visit to Kyiv earlier this week.
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