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Reuters
Reuters
Business

Japan will strengthen sanctions against Russia, target banks

Japan's Prime Minister Fumio Kishida speaks during a news conference at the prime minister's official residence on February 25, 2022, Tokyo, Japan. Rodrigo Reyes Marin/Pool via REUTERS

Japan will strengthen sanctions against Russia to include financial institutions and military equipment exports, Prime Minister Fumio Kishida said on Friday, a move that quickly drew an angry response from Russia's ambassador to Tokyo.

After a similar move by Washington in retaliation for the invasion of Ukraine, Kishida told a news conference that Tokyo would take aim at Russian financial institutions and individuals with the sanctions, which would be imposed immediately, as well as halt exports of military-use goods such as semiconductors.

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