Japan imposes trade curbs on China-based firms for supporting Russia's war in Ukraine
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Japan has imposed trade restrictions on China-based companies as part of a fresh round of sanctions against individuals and groups supporting Russia's war on Ukraine. The sanctions also target firms in India, Kazakhstan, and Uzbekistan. This is the first time Japan has imposed sanctions on China-based firms in connection with the war in Ukraine. The targeted firms include Hong Kong-based Asia Pacific Links Ltd and China-based Yilufa Electronics Limited. The sanctions prohibit Japanese companies from exporting to the targeted firms. The US has also broadened its sanctions on Russia, including targeting China-based companies selling semiconductors to Moscow. Beijing and Moscow are taking steps to ensure bilateral payments are made, potentially exposing some Chinese financial firms to sanctions.

#Japan #China #Russia #Ukraine #Sanctions #Trade #War

https://www.investing.com/news/economy-news/japan-imposes-trade-curbs-on-chinabased-firms-for-supporting-russias-war-in-ukraine-3491332