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Japan to ban exports of luxury items to Russia

Japan to ban exports of luxury items to Russia
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Tuesday, 29 March, 2022, 12:00

The Japanese government formalized plans on Tuesday to revise an ordinance to ban exports of luxury cars, jewelry and other luxury items to Russia starting April 5.

The government will revise the foreign exchange law's export trade control ordinance to implement the ban as additional economic sanctions on Russia over its invasion of Ukraine.