Japan Imposes Sanctions on Russia and Belarus: Sanctions Update, March 1, 2022

Japan’s Prime Minister Fumio Kishida announced sanctions against Russia’s central bank. Japan will also impose sanctions on financial institutions in Belarus, and individuals, including President Alexander Lukashenko.

Elvira Nabiullina, the governor of the Bank of Russia said in a statement that, as a result of international sanctions, “The conditions for the Russian economy have altered dramatically. The banking sector is now experiencing a structural liquidity deficit.”

Related sanctions news for Tuesday, March 1:

• Risk of Russia Cyber Hack After SWIFT Ban (Bloomberg Law)
• EU seeks to block seven Russian banks from Swift, including VTB (American Banker: Subscription required)
• JPMorgan says Russia remains part of its emerging debt indexes, new bonds excluded (Reuters)
• Visa and Mastercard block Russian banks from their networks after sanctions (CNBC)
• Bitcoin soars as sanctions on Russia breathe new life into Crypto (Barrons)