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Dubai company on list of those to be sanctioned by Japan over Ukraine

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21 Jun 2024 10:06:07 GMT9
21 Jun 2024 10:06:07 GMT9

Arab News Japan

TOKYO: The Japanese government has moved to sanction a number of individuals and businesses associated with Russia due to its invasion of Ukraine, and one Dubai-based company is included in the list.

Sun Ship Management D Ltd. (a.k.a. SCF Management Services Dubai Ltd.) was included in the list of companies to be sanctioned, as outlined by the Japanese government in a statement:

“In view of the current international situation over Ukraine, and for the purpose of contributing to the international efforts for achieving international peace aimed at a solution of the issue, in line with the measures taken by other major countries, the Government of Japan has introduced the following measures under the Foreign Exchange and Foreign Trade Act, based on the Cabinet Understanding of ‘Asset Freeze for individuals and entities of the Russian Federation and other measures’ as of June 21.”

The Japanese move will affect individuals and entities considered to be directly involved in the annexation of Crimea and the destabilization of Eastern Ukraine, as well as individuals and entities of eastern and southern regions of Ukraine that are under Russian influence.

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