Japan said it stood ready to join the United States and other G7 industrialized nations in imposing sanctions on Russia.
FREMONT, CA: The Japanese government says it is prepared to impose sanctions against Russia amids President Vladimir Putin's decision to invade Ukraine.
The announcement comes as the European crisis intensifies, with Russian President Vladimir Putin deploying troops into two breakaway regions in Eastern Ukraine that Russia now acknowledges as separate entities. The Japanese Prime Minister remarks the action as an unacceptable violation of international law. According to him, Japan was ready for a strong response that could include sanctions.
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According to the Japanese Prime Minister’s office, a conversation was held over the phone with Olaf Scholz, the leader of Germany, which now holds the G7 presidency, and the two reaffirmed their collaboration on the Ukraine crisis and promised to keep an eye on developments. According to the Yomiuri newspaper, fresh penalties by Japan would include a ban on semiconductor chips and other critical technological exports, as well as stricter restrictions on Russian banks, which would be added to those imposed on Russia in 2014 after it invaded Crimea.
Although Japan is no longer a huge supplier of semiconductors, with only 10percent of the world chip market, it is a large manufacturer of specialized electronic components, ranging from automotive chips to image sensors, and dominates industries such as high-tech manufacturing equipment.
Japan's hardening posture toward Russia contrasts with its previous gentler diplomatic engagement to Moscow. Previous governments courted Putin in the hopes of regaining control of islands held by Russian forces after WWII.Japan's delicate diplomacy has also been shaped by its energy dependence on Russia. Russia supplied more than 12 percent of Japan's thermal coal and nearly a tenth of its liquefied natural gas in 2021.
However, in recent years, rising concerns over a resurgence of Russian military engagement in East Asia and Moscow's growing security ties with neighboring China have surpassed economic anxiety.
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