Libyan Sanctions by Japan

Following the recent Libyan sanctions by US and EU, Japanese government also announced similar sanctions to Libya by Japan. Followings are the summary of the sanction. It is effective immediately on March 08, 2011.

1. Financial sanction: Frozen assets of Qadhafi and his family and relatives
   Based on the Notification issued by Ministry of Foreign Affairs in Japan ("MOFA"), the payment to Qadhafi and his relevant persons is required permission. Asset transactions (including deposit contract, trust contract, and loan contract) are also required permission. The Qadhafi and his relevant persons are listed in http://www.mofa.go.jp/mofaj/press/release/23/3/PDF/0308_01_01.pdf
   
   
2. Prohibition of import of arms from Libya
   By issuing the Notification based on Foreign Exchange and Foreign Trade Law ("FEFTL"), the import of arms originating in Libya and being shipped from Libya are prohibited.

(Source: METI web site http://www.meti.go.jp/press/20110308001/20110308001.pdf )