Japan MOFA second round of Russia sanctions — asset freezes (VEB.RF, Promsvyazbank, Bank Rossiya), export ban on military end-users and dual-use goods incl. semiconductors

Mechanism

The MOFA statement sets out the package at announcement level: designated-person visa suspension and asset freezes, a freeze on three named Russian banks, and an export ban covering Russian military-related entities plus internationally listed controlled items and other dual-use goods (semiconductors given as the example). Per GTA the commercial-transactions/investment controls were implemented on 31 March 2022, with the export ban and credit-operations controls on 1 March 2022. The implementing ministerial instruments were not reviewed here, and the effective date is taken from the announcement. No trade value or product list is stated in the statement.

GTA tags cereals, vegetables and fruits for this record; the MOFA statement does not itemise agricultural products, and that tagging is not carried over.

Downstream implications

Extends Japan's 24 February 2022 DNR/LNR measures into the Western Russia sanctions perimeter, adding a dual-use/semiconductor export restriction and bank asset freezes. Later Japanese rounds build on it.