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Japan Sanctions Russian Crypto Exchange Garantex and Shadow Fleet Vessels
Japan has imposed new sanctions on Russia, targeting the cryptocurrency exchange Garantex along with vessels linked to Moscow's so-called shadow fleet used to evade oil price caps. The measures align Tokyo with ongoing G7 efforts to tighten pressure on Russia over the war in Ukraine and to curb sanctions evasion through crypto and shipping loopholes.
Why now: Japan's move adds to the widening Western sanctions campaign against Russia, drawing attention to crypto and shadow-fleet evasion tactics.
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