Finance Minister Suzuki met online with US Treasury Secretary Janet Yellen on the morning of March 1st, Japan time over the situation in Ukraine, and agreed to continue to work closely with the two countries.
At a press conference after the Cabinet meeting on the 1st, Finance Minister Suzuki revealed that he had met online with US Treasury Secretary Janet Yellen over the situation in Ukraine from 9 am Japan time.
At the meeting, Finance Minister Suzuki took sanctions to increase the effectiveness of economic sanctions on Russia by freezing the assets held by Russia's central bank in line with Western countries and making it impossible to utilize foreign currency reserves. It means that I told them that I was doing it.
"We have agreed to continue to work closely with the two countries to show that Russia's violence comes at a high price, in order to protect the foundations of the international order," said Minister Suzuki.
In addition, Minister Suzuki said about economic sanctions such as the asset freeze of the Russian central bank, "The Russian central bank raised the policy interest rate from 9.5% to 20% while the currency ruble fell sharply. In addition, it became a Russian exporter. On the other hand, it is obligatory to sell foreign currency equivalent to 80% of the sales earned in the trade, which can be said to be the flip side of the effect of sanctions. " rice field.