Regulation
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Japan adds Garantex to Russia sanctions asset freeze list
Image: CointelegraphJapan added Russian cryptocurrency exchange Garantex to an asset-freeze list connected to sanctions over Russia's war in Ukraine. The package also covers 33 organizations, nine individuals and 35 vessels. Japan's measures restrict payments and capital transactions with designated parties. Garantex has previously faced sanctions from the United States and the European Union. Japan's designation follows earlier US and EU actions.
Key points
- Japan added Russian crypto exchange Garantex to an asset-freeze list over Russia's war in Ukraine.
- Japan's sanctions package covers 33 organizations, nine individuals and 35 vessels.
- The measures restrict payments and capital transactions with designated parties.
- Garantex was previously sanctioned by the United States and the European Union.
Why it matters
Japan's designation adds to US and EU restrictions on Garantex, limiting payments and capital transactions with the exchange. Crypto users and counterparties dealing with designated parties face those controls.
What's unclear
The value of any Garantex-linked assets located in Japan was not disclosed.
Sources · 3 publishers
Cointelegraph
Tier 1
Japan adds Garantex to list of Russia sanctions over Ukraine war
Crypto.news
Tier 2
Japan sanctions Garantex among 33 Russian entities
Coverage timeline
- First reported by Crypto Briefing
- Confirmed by Cointelegraph
- CryptoVideos brief published
How this brief was made. Our system found this event in 3 independent publications, summarised two complete reports with AI and checked every number above against the source text. Sources are linked in full. Not financial advice. Report an error
