By Kantaro Komiya
TOKYO, March 29 (Reuters) – Japan will ban the export of high-end cars and other luxury goods to Russia in its latest response to the Russian invasion of Ukraine, the trade ministry said on Tuesday.
The partial ban on Russia-bound auto items, which account for more than half of Japan’s exports to Russia, came after Prime Minister Fumio Kishida made a commitment to place more sanctions on Russia at a Group of Seven summit last week.
The new items on the export control list, to take effect from April 5, span 19 categories, from cars worth more than 6 million yen ($48,630) to jewellery, watches, cosmetics, liquor and art priced at more than 40,000 yen, the Ministry of Economy, Trade and Industry said in a statement.
Continue reading “Japan to ban Russia-bound exports of luxury cars, goods from April 5”