Japan tightens financial squeeze on Russian borrowers after definitive ‘no’ over Kuril issue

‘The government-backed Japan Bank for International Cooperation (JBIC) has extended restrictions on independent financing to Russian companies and financial institutions.
JBIC said the restrictions are aimed at avoiding contravening US and EU sanctions against Moscow. However, the announcement comes a day after Russia reasserted its sovereignty over the Kuril Islands.’
Read more: Japan tightens financial squeeze on Russian borrowers after definitive ‘no’ over Kuril issue