As an additional sanction against Russia, which continues its military invasion of Ukraine, Prime Minister Kishida has decided to suspend "most favored nation treatment" that guarantees trade incentives.
Regarding the response to Russia, which continues to invade Ukraine, President Biden of the United States has previously indicated a policy to cancel "most favored nation treatment" that guarantees the same conditions as other trading partners such as tariffs, and G7 = including Japan A joint statement was issued stating that the leaders of the seven major countries would also try to cancel.
In response to this, Prime Minister Kishida has decided to suspend "most favored nation treatment" as an additional sanction against Russia, and will announce it on the 16th.
As a sanction to Russia, the Japanese government has already banned the export of semiconductors for the general public in addition to products using advanced technology.