Sanctions against Russia: Japan will revise the legislation so that there are no loopholes for the Russian Federation

29 March 2022, 20:05 | Economy
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Senior Japanese officials have said the country will revise its currency laws so that Russia cannot use cryptocurrency assets to evade sanctions imposed against it.. This is discussed in a message on the official telegram channel of the Verkhovna Rada.

“Japan will review its currency legislation to prevent Russia from using cryptocurrency assets to evade Western financial sanctions imposed on the country after Moscow’s invasion of Ukraine,” the report reads..

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Japan says it cannot confiscate Russian Central Bank funds.

The legislation of Japan does not allow to confiscate the gold and foreign exchange reserves of the Central Bank of Russia stored in the Bank of Japan, frozen due to the war in Ukraine.

Earlier it was reported that the government of Ukraine is counting on the payment of compensation to the Russian Federation for the damage caused to us by the war, in particular, by attracting the frozen assets of the Central Bank of Russia to restore Ukraine.

Three Japanese banks stop operations with Sberbank of Russia.




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