Japan joined the sanctions against Sberbank of the Russian Federation
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At the same time, the media write that Japanese banks are likely to look for alternative ways to make payments. For example, transfers through non-US banks.
Japan’s three largest banks MUFG Bank, Mizuho Bank and Sumitomo Mitsui Banking Corp are halting money transfers and dollar transactions with Russia’s Sberbank, Japan Today reported March 27.
The decision was made due to the US sanctions adopted in February and prohibiting any transactions with the Savings Bank of the Russian Federation. The ban takes effect March 28.
At the same time, Japan Times sources report that Japanese banks are likely to look for alternative ways to make payments. For example, transfers through non-US banks.
Earlier it was reported that the Japanese government intends to deprive Russia of the status of the most favored nation in trade under additional sanctions in connection with the Russian invasion of Ukraine.
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