The Japanese government has added Russian cryptocurrency exchange Garantex to its asset freeze list as part of expanded sanctions against Russia related to the Ukraine war. This measure also targets 33 organizations and 9 individuals linked to Russia, along with 35 vessels identified as part of the “shadow fleet” transporting Russian oil. The restrictions include prohibiting repair and insurance services for designated vessels. Garantex had previously been sanctioned by the United States, the European Union and other jurisdictions for helping Russian entities evade financial restrictions.
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