Japan govt introduces bill to add sanctions on Russia
17:20 JST, April 6, 2022
TOKYO (Jiji Press) — The government Tuesday introduced a bill to scrap preferential tariff rates for imports of seafood and wood from Russia as part of its additional sanctions for the Russian invasion of Ukraine.
The government adopted the bill to revise the law on temporary measures concerning customs and submitted it to the Diet.
If the revised law is enacted, the tariff rate would rise to 6% from 4% for crabs, to 5% from 3.5% for salmon and salmon roe and to 8% from 4.8% for rasped pinewood.
The enactment would boost Russia’s annual tariff costs by a total of ¥3.9 billion.
Meanwhile, there would be no change to the duty-free status for imports of liquefied natural gas and palladium from Russia.
The government also introduced a bill to close sanctions loopholes by strengthening the regulation of crypto assets.
The bill to revise the Foreign Exchange and Foreign Trade Law is aimed at obligating crypto asset exchange service providers to confirm that individuals or groups to which crypto assets are transferred are not subject to Japan’s sanctions against Russia.
"Politics" POPULAR ARTICLE
-
Prime Minister Fumio Kishida Promotes Revised NISA Investment Program to Young People; Kishida Focusing on Moving Money From Savings to Investment in a Safe Environment
-
“High Probability” 2 MSDF Patrol Helicopters Collided near Torishima Island; 1 Dead, 7 Others Onboard Missing (Update 2)
-
Russia to Ban Non-Registered Vessels from Waters Around Northern Territories From April 11 to 17
-
Japan-U.K. Foreign Ministers Confirm Deepening Cooperation in Security Field; Kamikawa Underscores Importance of NATO Ties
-
Japan Ruling Party Struggles in ‘Kingdom of Conservatives’; Liberal Democratic Party Battered By Fundraising Scandal
JN ACCESS RANKING
- China Mutes Memorialization of Reformer Hu Yaobang; Memories Could Spark Critique of Xi Administration
- Shinkansen Services Suspended After Man ‘Searches for Phone’ on Tracks; Disruption Affects About 14,000 Passengers
- U.S. 7th Fleet officer Arrested on Suspicion of Stealing Sushi, Sashimi, Chicken at Kanagawa Shopping Mall; Suspect Caught Mid-Meal
- UNRWA Director Describes Catastrophic Destruction in Gaza; Says Relief Trucks Robbed, ‘People’s Hearts Destroyed’
- JAL Airplane Experiences Radio Malfunction During Flight, Lands Safely By Relying on Light Signals