Swerd Media Exclusive: Japan Expands Blacklist for Exports to Russia, including Used Cars
In a significant development, Japan has recently expanded its blacklist for exports to Russia, encompassing approximately 750 new items. This expansion includes used cars and aligns with the sanctions imposed by the Group of Seven nations in response to the ongoing conflict in Ukraine.
The blacklist, which was already in effect, initially banned shipments of premium vehicles valued at over 6 million yen from April last year. However, the new measures go beyond luxury cars and now cover both new and used gasoline- and diesel-powered vehicles, electric and hybrid vehicles, as well as tires for large vehicles.
Moreover, the restrictions placed on Russia extend beyond the automotive sector. Crucial goods such as semiconductors, machine tools, and robots have been banned since Russia’s military invasion of Ukraine in late February 2022. These restrictions aim to limit Russia’s access to technologies that could potentially support its military activities.
The Japanese automotive industry’s contribution to Russia’s economy cannot be understated. Japanese cars are highly sought after in Russia, with exports of used cars reaching approximately 200,000 units in 2022 alone – a substantial 30 percent increase from the previous year. However, the Ministry of Economy, Trade and Industry estimates that the latest ban will halt about 20 percent of the total exports to Russia in 2021 by value.
In addition to vehicles, metals such as iron and steel, boilers, and fibers that can be utilized for Russia’s industrial activities have also been added to the export blacklist. These measures further tighten the economic pressure on Russia.
It is noteworthy that Japan has been actively advocating against Russia’s involvement in the Ukraine war. The country has been urging Iran not to supply weapons to Russia, playing a significant role in international efforts to de-escalate the conflict.
Furthermore, Japan has recently pledged increased support for Ukraine during finance dialogues. By granting long-term visas to two Russians who oppose the Ukraine war, Japan demonstrates its commitment to fostering international cooperation and supporting peace in the region.
In conclusion, Japan’s decision to expand its blacklist for exports to Russia sends a strong message of solidarity with the international community’s efforts to address the conflict in Ukraine. The added restrictions on used cars, as well as other essential goods, highlight Japan’s commitment to limiting Russia’s access to technologies that can potentially support its military activities. This move undoubtedly has wide-ranging implications for the Japanese automotive industry and the overall trade relations between Japan and Russia.
