Japan imposes sanctions on Indian tech firm for helping Russia evade trade curbs

The actions against the companies including plus frost and export bans were announced by the Japanese Foreign Ministry.

The different companies belonged to China, Kazakhstan, Uzbekistan and the United Arab Emirates.

The West and its allies person imposed strict punitive commercialized and economical sanctions against Russia implicit its penetration of Ukraine.

Japan has introduced punitive measures nether the Foreign Exchange and Foreign Trade Act, the Japanese overseas ministry said successful a statement.

It named the Indian institution successful the database of firms which volition beryllium facing sanctions from the Japanese government.

Last week, Japanese Prime Minister Fumio Kishida said astatine the G7 acme successful Italy that his authorities is imposing sanctions connected companies and groups which are helping Russia evade economical sanctions.

The G7 grouping has imposed a bid of punitive sanctions against Russia including plus frost for its penetration of Ukraine.

Japan has already imposed punitive measures connected a fig of Russian companies.

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Published: 23 Jun 2024, 11:03 PM IST