As a sanction against Russia, a bill to amend the law, which includes the withdrawal of "most favored nation treatment" that guarantees preferential treatment in trade, was passed at the plenary session of the House of Representatives on the 14th, and was passed by the House of Councilors. It was sent.

Of these, the revised draft of the Tariff Provisional Measures Law includes the contents necessary to withdraw the "most favored nation treatment" that guarantees trade incentives as sanctions against Russia.



In addition, the draft amendment to the Foreign Exchange Law includes restrictions on the transfer of cryptocurrency assets to third parties so that Russia cannot misuse cryptocurrency assets as a loophole in sanctions.



The two amendments were voted at the plenary session of the House of Representatives held on the afternoon of the 14th, and the amendments to the Tariff Provisional Measures Law were in favor of the Liberal Democratic Party, the Komeito Party, and the Constitutional Democratic Party. It was unanimously approved and sent to the House of Councilors.



The government plans to work with the international community and aim for the early passage of the bill in order to increase the effectiveness of sanctions on Russia.

Keywords: