Japan says it cannot confiscate Russian Central Bank funds

28 March 2022, 13:46 | Economy
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Japanese legislation does not allow the confiscation of the gold and foreign exchange reserves of the Central Bank of Russia, stored in the Bank of Japan, which were frozen due to the war in Ukraine. This was stated by the Minister of Finance of the country, Shun'ichi Suzuki, according to Russian media..

In other words, the Central Bank has reserves, but there is no access to them.

Recall that earlier the Japanese Foreign Ministry announced that official Tokyo, as part of sanctions against the Russian Federation, froze the assets of the Central Bank, Promsvyazbank and Vnesheconombank of Russia.

In addition, sanctions were imposed against 49 companies and departments, including the FSB, SVR and the Ministry of Defense..

Also under personal sanctions were Russian President Vladimir Putin, Foreign Minister Sergei Lavrov, Defense Minister Sergei Shoigu, Security Council Secretary Nikolai Patrushev, Security Council Deputy Chairman Dmitry Medvedev, Chief of the General Staff Valery Gerasimov.

The Foreign Ministry explained that the decision on sanctions was taken by the Japanese Cabinet "

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Earlier it was reported that three Japanese banks stop operations with Sberbank of Russia.




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