International Policy: Measures on Ukraine Under the Foreign Exchange and Foreign Trade Act
Overview
The Ministry of Finance announced that, in light of the current international situation surrounding Ukraine and the measures major countries have decided to take, Japan will implement measures such as asset freezes under the Foreign Exchange and Foreign Trade Act. The measures are based on the October 2, 2026, Cabinet approval, “Asset Freeze and Other Measures Against Persons Related to the Russian Federation.” The announcement directs readers to a joint press release by three ministries for details. Its attachments include a notice that reference materials are available on the Ministry of Finance website, FAQs on restrictions on service transactions involving certain vessels, and a Ministry of Finance notice.
Key points
- Japan will implement measures such as asset freezes under the Foreign Exchange and Foreign Trade Act.
- The measures are based on the Cabinet approval, “Asset Freeze and Other Measures Against Persons Related to the Russian Federation.”
- Details are provided in a joint press release by the Ministry of Foreign Affairs, the Ministry of Finance, and the Ministry of Economy, Trade and Industry.
Overview
In view of the current international situation surrounding Ukraine, the Ministry of Finance states that Japan aims to contribute to international efforts for peace to resolve this issue. The announcement was issued on October 2, 2026.
Japan says it will respond based on the measures major countries have decided to take. The announcement reports the implementation of measures and directs readers to detailed materials.
Details
The measures to be implemented are asset freezes and other measures under the Foreign Exchange and Foreign Trade Act. They are to be implemented based on the Cabinet approval, “Asset Freeze and Other Measures Against Persons Related to the Russian Federation,” which was issued on October 2, 2026.
The detailed material referenced is a joint press release by the Ministry of Foreign Affairs, the Ministry of Finance, and the Ministry of Economy, Trade and Industry, titled “Measures on Ukraine Under the Foreign Exchange and Foreign Trade Act.” Its attachments include a notice that reference materials are available on the Ministry of Finance website, FAQs on restrictions on service transactions involving certain vessels, and a Ministry of Finance notice.