Announcement
05 Dec 2022
In December 2022, the Japanese government announced actions related to the price cap on Russian oil imports.
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Number of interventions
2
2 certainly harmful
0 likely harmful
0 liberalising
List of interventions
Implementation date
05 Dec 2022
Revocation date:
No revocation date
Updated: 05 Dec 2022
Import licensing requirement
In force
On 5 December 2022, the Japanese Ministry for Economy, Trade and Industry (METI) introduced new measures in response to the Russian invasion of Ukraine. Specifically, the regulation imposes an...
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Updated: 05 Dec 2022
Controls on commercial transactions and investment instruments
In force
On 5 December 2022, the Japanese Ministry for Economy, Trade and Industry (METI) introduced new measures in response to the Russian invasion of Ukraine. Specifically, the regulation ...
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Related State Acts
12 Sep 2025
Japan: Further sanctions in response to the Russian invasion of Ukraine, including lowered price cap on Russian crude oil (September 2025)
27 Dec 2022
Russia: Prohibition of oil exportation to buyers following the price cap
07 Dec 2022
Switzerland: Provision of financial and transport services related to Russian oil above USD 60 per barrel prohibited and 2 Iranian military drone manufacturers added to the frozen fund list
03 Dec 2022
EU: Operators prohibited from providing financial and transport services related to Russian oil above USD 60 per barrel
02 Dec 2022
Canada: Government prohibits the provision of financial and transport services related to Russian oil above USD 60 per barrel
02 Dec 2022
United States of America: Department of Treasury bans providing services facilitating the maritime transport of Russian oil above USD 60 per barrel
02 Dec 2022
United Kingdom: HM Treasury prohibits the provision of services facilitating the maritime transport of Russian oil above USD 60 per barrel
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