Japan to ban exports of luxury goods to Russia

The Japanese government on March 25 decided to ban exports of luxury items to Russia as part of its additional economic sanctions against the country, Report informs referring to Nippon.

The government is selecting items that will be banned. The embargo will be put in place next week in line with similar measures implemented by the United States and the European Union.

The government also decided to expand the list of asset freeze targets to newly include 25 individuals, mainly relatives of senior members of the Putin administration already under sanctions.

From April 1, the government will also prohibit the export of goods to 81 entities, including military-related companies.