Zelenskyy imposes sanctions on Russian individuals, companies operating in occupied territories of Ukraine

The new measures would be also applied to Ukrainian citizens who continue business activities in the occupied Crimea and the city of Berdiansk in Zaporizhzhia Oblast.

Earlier, the G7 countries claimed they planned to impose restrictions on Russian diamonds by 1 January 2024. Diamonds are one of Russia’s top ten non-energy industries by value, with exports in 2021 totaling over $4.5 billion, according to the US Department of the Treasury.

G7 to impose sanctions on Russian diamonds by early 2024

The G7 countries will be introducing import restrictions on non-industrial diamonds mined, processed, or produced in Russia by the beginning of 2024.

In addition, recently, Tokyo extended its sanctions over Russia’s invasion of Ukraine, targeting 57 Russian organizations and six based in countries such as the United Arab Emirates, Armenia, Syria, and Uzbekistan.

Japan’s sanctions now include 494 Russian entities, 27 Belarusian organizations, and six others globally.

Japan expands sanctions over Russia’s war in Ukraine

Tokyo had previously frozen assets of Russian individuals and groups and barred exports to Russia’s military-related entities, along with construction and engineering services.

Related: 

• UK launches new unit to intensify pressure on Russian sanction evaders
• Sweden allocates nearly €120 million to aid Ukraine, focusing on winter support
• UK foreign secretary urges use of $350 bn frozen Russian assets for Ukraine’s reconstruction
• Scholz says Germany should support Ukraine even more if other countries’ aid dithers