Japan adds Garantex to list of Russia sanctions over Ukraine war
60-second summary
Japan adds Garantex to its Russia sanctions list, joining the United States, the European Union and other jurisdictions that already barred the exchange for facilitating Russian entities’ evasion of financial restrictions tied to the Ukraine war; the move tightens compliance pressure on crypto platforms, signaling heightened regulatory scrutiny that could curb illicit trading volumes and reshape market liquidity.
Garantex was previously sanctioned by the US, the EU and other jurisdictions for helping Russian entities evade financial restrictions.