Japan to ban used cars exports to Russia as part of extra sanctions

Japan is set to ban the export of used cars to Russia as part of additional economic sanctions on the country over its invasion of Ukraine, sources close to the matter said Tuesday.The move to restrict exports of used Japanese cars, which are in high demand in Russia, aims to enforce the effectiveness of embargoes on Moscow by keeping in step with punitive European and U.S. measures.While Japan has prohibited shipments to Russia of luxury vehicles worth more than 6 million yen ($43,000) since April last year, the sources said the planned additional sanctions are also expected to cover cars …READ FULL ARTICLE