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INTERNATIONAL > Ukraine Crisis

Japan to revoke Russia’s “most favored nation” status 

  • March 17, 2022
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All national dailies reported on a press conference by Prime Minister Kishida on Wednesday in which he announced Japan’s additional sanctions on Russia in response to its invasion of Ukraine, including stripping Russia of its “most favored nation” status. Kishida told reporters that he denounces Russia’s invasion of Ukraine as an atrocity that should be recorded in history and will impose strong sanctions on Russia in coordination with the other G7 members. The premier also said that in order to hold Russia accountable for its aggression, Japan will impose additional sanctions by expanding the scope of the asset freeze targeting elites and business oligarchs close to President Putin. In coordination with the other G7 members, the GOJ will also block Russian access to loans from international organizations such as the International Monetary Fund and the World Bank.  

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