Japan Adds Garantex to Russia Sanctions List

This report is based on information published by cointelegraph.com. Japan has added Garantex to its sanctions list over Russia’s war in Ukraine, according to the source.

The source says Garantex was previously sanctioned by the U.S., the European Union and other jurisdictions for helping Russian entities evade financial restrictions.

✦Key Takeaways

• ✓Japan added Garantex to its sanctions list over Russia’s war in Ukraine.
• ✓Garantex had already been sanctioned by the U.S., the EU and other jurisdictions.
• ✓The earlier sanctions were tied to allegations that Garantex helped Russian entities evade financial restrictions.

✦Context

Sanctions lists are used by governments to restrict dealings with entities they say are linked to prohibited activity or efforts to bypass financial controls. In this case, the action adds Japan to a broader set of jurisdictions that have already sanctioned Garantex.