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Japan to ban new investments in Russia, vodka and timber imports

These measures will be applied in cooperation with the G7 countries, Prime Minister Fumio Kishida revealed

TOKYO, April 8. /TASS/. The Japanese authorities will impose a ban on new investments in Russia due to the situation around Ukraine and the military operation of the Russian Federation, Prime Minister Fumio Kishida told a press conference in Tokyo on Friday.

"We are introducing a ban on new investments in Russia," he said. According to Kishida, these measures will be applied in cooperation with the G7 countries.

"Next week we will introduce a ban on the import of machinery, vodka and certain types of wood from Russia," the Prime Minister added.

Japan has previously adopted several packages of restrictions against Russia due to the situation around Ukraine and the ongoing special military operation. More than 100 people fell under individual sanctions, including representatives of the country's leadership, officials and businessmen.

Japan also froze the assets of Otkritie Bank, Novikombank, Sovcombank, VTB Bank, Rossiya Bank, Promsvyazbank and VEB.RF.

The list of goods and technologies prohibited for export covers more than 300 items, including semiconductors, equipment for maritime and aviation security, telecommunications equipment, communications equipment, military products, including weapons, software, oil refining equipment. Also, a ban has been introduced on the supply of luxury goods to Russia, including expensive cars worth more than 6 million yen (about $49,000).

Russian President Vladimir Putin said on February 24 that in response to a request by the heads of the Donbass republics he had made a decision to carry out a special military operation in Ukraine, stressing that Moscow had no plans of occupying Ukrainian territories. Western countries responded to the actions of the Russian authorities by slapping sanctions against physical and legal entities.