Japan adds Garantex to list of Russia sanctions over Ukraine war
Summary
Japan expanded sanctions on Russia, adding cryptocurrency exchange Garantex to its asset-freeze list, which restricts payments and capital transactions. The measures also cover 33 organizations, nine individuals and 35 vessels linked to Russia’s oil “shadow fleet,” including restrictions on services such as repairs and insurance. Japan says the sanctions aim to reduce Russian crude-oil revenues. Garantex had already faced sanctions from the US, EU and other jurisdictions. TRM Labs has warned that advance contingency plans could let sanctioned exchanges move clients, infrastructure and funds to successor platforms, potentially limiting the impact of enforcement.
