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Japan to revoke Russia's 'most favored nation' status

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Following in the footsteps of the U.S. and European nations, Japan's Prime Minister Fumio Kishida said his country will revoke Russia's special trade status to punish Moscow for its aggression in Ukraine.

The measure will mean higher tariffs on Russian products. To hold Russia accountable for its "irrational and inhumane" onslaught, Kishida announced that Japan will also unleash a new round of sanctions by imposing more asset freeze sanctions targeting elites and oligarchs close to Russian dictator Vladimir Putin.

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The Kyiv Independent news desk

We are the news team of the Kyiv Independent. We are here to make sure our readers get quick, essential updates about the events in Ukraine. Feel free to contact us via email with feedback and news alerts.

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Russian citizens Yurii Korzhavin and Lidiya Korzhavina were removed from the U.S. sanctions list on March 20, along with other individuals and entities linked to Russia. The Korzhavins were sanctioned in 2024 for their ties to the Russian transport and logistics company Elfor TL.

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