Financial news
Home
Knowledge Hub
Japan imposes trade curbs on China-based firms for supporting Russia's war in Ukraine
2024-06-21 11:08:46

TOKYO (Reuters) - Japan imposed trade restrictions on China-based companies as part of a fresh round of sanctions against individuals and groups supporting Russia's war on Ukraine, the foreign ministry said in a statement on Friday.


The new sanctions also target firms in India, Kazakhstan, and Uzbekistan. It marks the first time Japan has imposed sanctions on China-based firms in connection with the war in Ukraine, according to Japan's foreign ministry.


Targeted firms include Hong Kong-based Asia Pacific Links Ltd, which provided microchips for Russian drones, and China-based Yilufa Electronics Limited.


The sanctions, which are in line with previous measures imposed by other countries including the United States, forbid Japanese companies from exporting to the targeted firms.


U.S. officials have said China is backing Russia's war effort in Ukraine by providing drone and missile technology for Moscow's biggest military buildup since the Soviet era.


The U.S. broadened its sanctions on Russia last week, including by targeting China-based companies selling semiconductors to Moscow.


Beijing and Moscow are also taking complex steps to ensure bilateral payments are made, potentially exposing some Chinese financial firms to sanctions.

CREATE ACCOUNT

×
1
Personal Identification
2
Address Verification
3
Employment & Financial Profile
4
Trading Experience & Risk Awareness
5
Professional Account Eligibility
6
Source of Funds & Compliance
7
Corporate Entity Information
8
Review & Submit

Personal Identification

Please enter a valid email address.
Please enter a valid phone number.
Your password must be 6-20 characters long, contain letters, numbers and special characters, and must not contain spaces or emoji.
Password not match.
This field is required
This field is required
This field is required
This field is required
This field is required
This field is required
This field is required
This field is required
This field is required

Address Verification

This field is required
This field is required
This field is required

Employment & Financial Profile

This field is required
This field is required
This field is required
This field is required
(excluding property) (USD)
This field is required

Trading Experience & Risk Awareness

This field is required
This field is required
This field is required
This field is required

Professional Account Eligibility (Optional)

Source of Funds & Compliance

This field is required

Corporate Entity Information

Complete this section only if you're opening a corporate account

Review & Submit

Please review all information carefully before submitting. You can go back to any step to make changes.
This field is required
This field is required
This field is required

Registration Successful

Your account has been created successfully!