More sanctions on Russia coming from Japan - "most-favored nation" trade status no longer

  • The Japanese government is set to revoke Russia's "most-favored nation" trade status

Japanese media (NHK) with the report:

  • The Japanese government is set to revoke Russia's "most-favored nation" trade status as part of additional sanctions over the Russian invasion of Ukraine.
  • NHK has learned that the government will announce the move on Wednesday

What this means is that Russian imports into Japan will be subject to higher tariffs.

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