As sanctions against Russia, a law including the withdrawal of "most favored nation treatment" that guarantees preferential treatment in trade was passed and passed at the plenary session of the House of Councilors on the 20th.
Of these, the revised Tariff Provisional Measures Law includes the necessary contents to withdraw the "most favored nation treatment" that guarantees preferential treatment in trade as sanctions against Russia and raise tariffs on imported goods from Russia. I am.
In addition, the revised Foreign Exchange Law includes restrictions on the transfer of cryptographic assets to third parties so that Russia cannot misuse cryptographic assets as a loophole in sanctions.
The two laws were passed at the House of Councilors plenary session held on the morning of the 20th.・ It was established.
The government hopes to increase the effectiveness of sanctions with this revision of the law and to cooperate with the international community to clarify its strict stance toward Russia.