Japan Could Review, Cancel Sanctions Against Russia: Foreign Ministry

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Japan could review or even cancel sanctions against Russia if Moscow takes evident action for the resolution of the Ukrainian crisis, according to Japan's foreign ministry.

TOKYO, September 25 (RIA Novosti) – Japan could review or even cancel sanctions against Russia if Moscow takes evident action for the resolution of the Ukrainian crisis, according to Japan's foreign ministry.

"Russia must, on the basis of the ceasefire agreement, fully respecting the sovereignty of Ukraine and its territorial integrity, take affirmative action for a peaceful resolution of the situation," a statement released by Japan's Foreign Minister Fumio Kishida Wednesday said.

"If Russia takes active and obvious steps for the peaceful resolution of the crisis in Ukraine, the recently adopted measures could be adjusted or canceled," the statement added.

The Japanese government imposed additional sanctions against Russia on Wednesday, targeting five major Russian banks, including Sberbank and VTB.

The sanctions also target Gazprombank and Rosselkhozbank, Russia's third and sixth-largest banks in terms of net assets, as well as Vnesheconombank, a state corporation that manages Russian state debts, pension funds and other state financial activities.

In early August, the Japanese government implemented sanctions against 39 politicians and officials who represented the Republic of Crimea, as well as the Donetsk and Luhansk people's republics.

Representatives of the republics reached a ceasefire agreement with the Kiev leadership on September 5, during the meeting of the Contact Group on Ukraine in the Belarusian capital, Minsk.

The agreement was based on the May peace plan proposed by Ukrainian President Petro Poroshenko and the seven-point peace plan unveiled by Russian President Vladimir Putin on September 3.

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