The Japanese government announced on Friday that it would expand its export restriction to include all new and used automobiles with engines larger than 1900 cc starting from next month as part of increased sanctions against Russia for its invasion of Ukraine.
The expanded prohibition will go into effect on August 9 and is anticipated to reduce Japan's exports of used cars to Russia, which have increased since the conflict began due to a high demand for dependable and durable automobiles.
According to Minister of Economy, Trade, and Industry Yasutoshi Nishimura, the Japanese cabinet voted to amend an export control order that prohibits the export of commodities to Russia that boost the nation's industrial foundation.
"With that, the export to Russia of automobiles over 1900 cc, hybrid engine passenger cars and large vehicle tires and so on will be banned from August 9," Nishimura said.
According to the government, hybrid, plug-in hybrid, and electric vehicles are also subject to the increased prohibition.
According to a commerce ministry official, it will reveal precise information on the products that are affected one week before it takes effect.
With its expanded automobile export prohibition, Japan has joined the European Union, which on June 23 imposed its own ban on 1900-cc automobiles.
According to data from the customs bureau of the finance ministry, Japanese exports to Russia of used cars with engine sizes between 2000 and 3000 cc more than tripled in 2022 compared to the previous year, totaling almost 29 billion yen ($208 million).
According to the data, such exports to Russia totaled close to 15 billion yen in the first half of this year.
In April of last year, Japan began to enforce its restriction on the export to Russia of high-end vehicles costing more than 6 million yen. In June of that same year, it put a ban on the export of trucks weighing 5 tonnes or greater.
(Source:www.japantime.co.jp)
The expanded prohibition will go into effect on August 9 and is anticipated to reduce Japan's exports of used cars to Russia, which have increased since the conflict began due to a high demand for dependable and durable automobiles.
According to Minister of Economy, Trade, and Industry Yasutoshi Nishimura, the Japanese cabinet voted to amend an export control order that prohibits the export of commodities to Russia that boost the nation's industrial foundation.
"With that, the export to Russia of automobiles over 1900 cc, hybrid engine passenger cars and large vehicle tires and so on will be banned from August 9," Nishimura said.
According to the government, hybrid, plug-in hybrid, and electric vehicles are also subject to the increased prohibition.
According to a commerce ministry official, it will reveal precise information on the products that are affected one week before it takes effect.
With its expanded automobile export prohibition, Japan has joined the European Union, which on June 23 imposed its own ban on 1900-cc automobiles.
According to data from the customs bureau of the finance ministry, Japanese exports to Russia of used cars with engine sizes between 2000 and 3000 cc more than tripled in 2022 compared to the previous year, totaling almost 29 billion yen ($208 million).
According to the data, such exports to Russia totaled close to 15 billion yen in the first half of this year.
In April of last year, Japan began to enforce its restriction on the export to Russia of high-end vehicles costing more than 6 million yen. In June of that same year, it put a ban on the export of trucks weighing 5 tonnes or greater.
(Source:www.japantime.co.jp)
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