Monday, March 17, 2014

Japan imposes sanctions on Russia over Crimea

Japan imposes sanctions on Russia over Crimea

Times of India - ‎8 minutes ago‎
TOKYO: Japan on Tuesday imposed some modest sanctions on Russia for its recognition of Crimea as an independent state - suspending talks on relaxing visa requirements between the two countries and talks on investment, space exploration and military ...
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Japan imposes sanctions on Russia over Crimea

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TOKYO: Japan on Tuesday imposed some modest sanctions on Russia for its recognition of Crimea as an independent state — suspending talks on relaxing visa requirements between the two countries and talks on investment, space exploration and military cooperation.

Foreign minister Fumio Kishida said in a statement that Japan does not recognize the outcome of Crimea's referendum to split from Ukraine, saying it violates the Ukrainian constitution.

"It is regretful that Russia's recognition of the independence of Crimea interferes with the integrity of Ukraine's sovereignty and territory," Kishida told reporters. "We cannot overlook Russia's attempt to change the status quo by force."

The moves are seen as mild compared to sanctions by the US and European Union, which have frozen the assets of individuals linked to the unrest in Crimea or who support the region's vote to secede from Ukraine.

But Japanese officials said that an investment seminar sponsored by private institute but also backed by both governments that is scheduled for Wednesday was still on.

Ties between Russia and Japan have been strained for decades due to a dispute over a cluster of Russian-controlled islands off the northern island of Hokkaido called the southern Kurils in Russia and the Northern Territories in Japan. The dispute has kept the two countries from signing a peace treaty after World War II.

But last month, Prime Minister Shinzo Abe said that negotiations toward forging a treaty were accelerating. Abe is also eager to unleash new trade and energy business with Russia that has been hung up by the dispute.

Kishida urged Russia to comply with international laws, withdraw the recognition of Crimea's independence and not move further toward its annexation. 
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Japan imposes sanctions on Russia over Crimea

The people most hurt by these sanctions likely won't be Putin (at least not directly). Instead likely the people of Russia and the People of the EU likely will be hurt by these sanctions the most. Sanctions by Japan likely will not harm Putin either, except maybe to make him less popular by the Russians that don't like him in the first place. However, for Russians that support Putin already, they likely will be more hardened than ever against the western democratic World.

However, investors in the foreigned owned companies that Putin likely will take over in Russia as a direct response likely will see their investments in companies that do business in Russia deteriorate over time. Because all their assets in Russia (both land, properties and monies etc) will be confiscated by Putin in a direct response to Western Sanctions.

It is my thought that so many people (on both sides) will be so upset about all this that the likelihood is all this will lead to some kind of violence that could spread. And some people driven bankrupt (through no fault of their own )might start committing suicide or resorting to violence to express their anger on both sides of this deteriorating situation affecting people in many many nations ongoing.

 
 

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