Japan joins the U.S. sanction team against Russia

From Left: Japanese Prime Minister Fumio Kishida and Russian Presdient Vladimir Putin Source: cfr.org

Prime Minister Fumio Kishida said they were ready to do so in case Russia invades Ukraine

By Mariam Rafi

Chennai – Japan, the world’s No. 3 economy joins hands with the U.S. and other G7 nations that are ready to impose sanctions on Russia in case the Putin-led government invades Ukraine, on Tuesday. This comes after the Russian head ordered troops into two Eastern Ukrainian breakaway regions on Monday that are now recognized as independent states by Russia.

While addressing the reporters Prime Minister Fumio Kishida said the action was “unacceptable and a violation of international law,” and added that they were ready to impose sanctions. A ban on semiconductor chips and other key technology exports and stricter restrictions on Russian banks is expected, that would add to the 2014 post-Crimean invasion sanctions, according to the Yomiuri newspaper. Japan is a major manufacturer of specialized electronic components, such as high tech manufacturing equipment and automotive chips.

Contrary to their earlier diplomatic stance shaped by their dependence on Russia for their energy needs, Japan is now taking a tough stand against the European nation. There is also a growing concern about a revival in Russian military activity and deepening security cooperation in East Asia and China respectively.

The Finance Minister Shunichi Suzuki said at a briefing on Tuesday that Ukraine is in a dire situation now, and Japan must watch how it could affect their economy.

– Reuters