2024-03-21 23:00:15
In February 2024, trade between Russia and Japan collapsed.
As Day.Az reports with reference to TASS, the Ministry of Finance of Japan reports this.
In annual terms, trade decreased by 16.5%, to 104.1 billion yen ($690 million at the current exchange rate). Supplies of goods from Japan decreased by a third (33.6%), and from Russia – by 10.2%. Exports to Russia of medical products (minus 94.2%), passenger cars (minus 4.5%), and spare parts (minus 37.4%) decreased the most. Grain supplies to Japan decreased by 82.7%.
At the end of last year, trade decreased by 45.3% – to 1.43 trillion yen (about $9.6 billion). The market for iron (minus 94.2%), non-ferrous metals (minus 93.4%), and rubber (minus 59.9%) cooled the most. Russia, in turn, began to supply less fruit (minus 96.7%), oil (minus 94.8%), and medical products (minus 75.6%).
Earlier in February, Japan expanded the list of goods prohibited for export to Russia by another five categories. These included CNC (computer numerical control) machines and parts for similar devices. Previously, the ban covered integrated circuits and parts for them, optical equipment, communications equipment, electronic equipment (diodes, transistors, digital cameras), as well as parts for the design and production of semiconductors. There are currently about 50 categories of goods on the sanctions list.