Japan joined the sanctions

On Wednesday, September 24, Japan imposed sanctions against Russian banks: Sberbank, VTB, VEB, Rosselkhozbank and Gazprombank, which are already on the US and EU sanctions lists. However, Japanese restrictive measures only apply to securities with a maturity of more than 90 days.

“The consequences are the same as when similar sanctions were adopted in the European Union and the United States. That is, it is a complication of access to financing and, in fact, deprivation of it. In fact, we have a banking sector, and through it, not only banking, but also our enterprises, companies, to a large extent developed on debt financing, which was cheap. Therefore, these sanctions lead, and the Japanese ones are no exception, to the fact that there is less money. All hopes for state funding, which is far from unlimited and which will be exhausted in a fairly short period of time. The national welfare fund or the reserve fund will last for a year and a half. Therefore, these are rather heavy sanctions, and they will naturally have an extremely negative impact on our economy. Now you can often hear: "We will go to Asia, we will borrow there." But it is clear that Japan, it stands somewhat apart, is not China, which is hoped for. In fact, it is still a big question whether you can take money there or not. Or rather, you can probably take it there, but it will also be much more expensive than, for example, in Europe. Therefore, the consequences are the same: one cannot count on money, including from Japanese banks, and in general on financing from Japanese structures through the issuance of bonds or other securities, ”says Igor Nikolaev, director of the FBK Institute for Strategic Analysis.

The New Times has already published material about what the new sanctions against Russia will lead to.

Oleg Vyugin, Chairman of the Board of Directors of MDM Bank: "Anything that Moscow can offer in response will harm Russia itself"

Sergey Guriev, economist: "Logic: hurt yourself in order to show how you don't love Europe"

Sergey Dubinin, Chairman of the Supervisory Board of VTB: “They prefer not to give loans to all Russian banks, including those not included in the list”

Dmitry Baranov, leading expert of Finam Management: “Russia will start extracting these resources later, and future generations will get more oil”

Roman Tkachuk, analyst at the Nord-Capital investment group: “Projects without the participation of Western partners will roll back”