Japan Revokes Russia's Trade Status

Japan has revoked Russia's trade status as a 'most favored nation' due to the special operation in Ukraine, according to Associated Press.

As reported by Kommersant, Tokyo expects that this move will strengthen pressure on Moscow.

The cancellation of the trade status affects Russian import tariffs, allowing Japan to raise tariffs, the agency notes. At the same time, it is reported that this measure will not affect the import of crude oil, liquefied natural gas, and palladium.