MHM Open SeminarsPast
(English Webinar) "Overview of Japan’s Economic Sanctions against Russia and Belarus"

Seminar Outline

Date March 11 (Fri) - April 10 (Sun)
Speakers Hideaki Umetsu Shintaro Okawa
Host Mori Hamada & Matsumoto
Related Practice Areas International Trade International Practice Russia/CIS Practice Regulatory/Regulated Transactions Financial Regulation
Note

<Registration>
For more details and registration, please click here.

Details

<Outline>
The Japanese government has introduced a series of economic sanctions against Russia and Belarus since the commencement of military action by Russia against Ukraine.
In this webinar, MHM lawyers who have deep experience in advising on economic sanctions and export controls will provide an overview of Japan’s sanctions against Russia and Belarus. The cut-off date for this presentation is 12:00 am on March 10, 2022.

[Note added on March 11]
Some updates to the economic sanctions were announced on the morning of March 11 and were thus not covered in the webinar for which the cut-off date was March 10.
An overview of the March 11 updates is as follows:

  1. Addition of the following Belarusian financial institutions to the Payment/Financial Transaction Sanction Targets (Effective Date: April 10): Belagroprombank, Bank Dabrabyt, Development Bank of the Republic of Belarus.
  2. Amendment to the Export Trade Control Ordinance (a cabinet order to the FEFTA) (Effective Date: March 18):
    1. a list of concrete items under “Items controlled by multi-national export control regimes,” “General-purpose items that may contribute to strengthening military capabilities” and “Oil refining equipment” (see slide 12 of the webinar materials). The detailed specifications of “General-purpose items that may contribute to strengthening military capabilities” and “Oil refining equipment” will be stipulated in a ministerial order. While it is not clear when the ministerial order will be published, we would assume it will be published by the effective date of the cabinet order(i.e., March 18);
    2. a list of Russian entities subject to export embargo. As explained in slide 11 of the webinar materials, the sanctions on receipt of payments from, and Specific Capital Transactions with, the persons on the Embargoed Entity List have already been imposed to substantially achieve the export controls on the persons on the Embargoed Entity List. However, this amendment to the cabinet order seems to impose export controls on the persons on the Embargoed Entity List in a direct manner (i.e., not through the sanctions on receipt of payments and Specific Capital Transactions); and
    3. to introduce sanctions on the export to the Donetsk and Luhansk People's Republics.

We are more than happy to give you detailed information on the updates on March 11 if you contact us by email.

<Length>
35 minutes

<Notes>
* Free of charge.
* No in-person attendance or live streaming available.
* Although this webinar is being held for your informational purposes, please refrain from providing such information to others or quoting it to the press without our prior consent.

* We have delivered two other webinars about sanctions on Russia in the Japanese language. If you are interested in those, please access to the following links:
“Possibility of Strengthening Russian Sanctions and Preparations by Japanese Corporations” (on February 8)
https://www.mhmjapan.com/ja/seminars/year/2022/18561.html
“Japan-US Strengthening of Russian Sanctions and practical tips for Japanese companies” (on March 4)
https://www.mhmjapan.com/ja/seminars/year/2022/18567.html

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