business

Japan's exports of sanctions-exempt used vehicles to Russia surge

22 Comments
By Riku Nishio

The requested article has expired, and is no longer available. Any related articles, and user comments are shown below.

© KYODO

©2024 GPlusMedia Inc.

22 Comments
Login to comment

Those sanctions are really hurting...... Europe.

16 ( +24 / -8 )

Loopholes will always been used if business can be done

16 ( +18 / -2 )

Japan’s sanctions on Russia are only paper sanctions that won’t effect Japan’s economy. Anything they are making money from is ok.

16 ( +18 / -2 )

Japan. Always a disappointment when it comes to international affairs. They just can't get it right for the world. Only themselves.

-5 ( +9 / -14 )

Japan’s sanctions on Russia are only paper sanctions that won’t effect Japan’s economy. Anything they are making money from is ok.

Don't blame Japan for it. Blame Sullivan and Blinken, the architects of the response to Russia, and some would argue the architect of the original crisis. They had good advice from their own intelligence agencies and ignored all the advice. The market gave them ample warnings. They ignored those too.

The same with Germany in the preceding years.

Japan has clean hands here.

3 ( +12 / -9 )

Those sanctions are really hurting.

Yeah, they are. The article says demand for old cars from Japan (with steering wheels on the wrong side) is surging because Russians are having such trouble acquiring new cars from their local dealers (with steering wheels on the right side).

It also says that in times of crisis (like now), Russians dump their Rubles in favor of things like old Japanese cars to serve as a stored asset.

Pathetic.

-7 ( +6 / -13 )

Yeah, they are ....

hurting everybody.

Yes all the car factories in Russia has closed down, but look at factories in Japan and elsewhere, the same supply chain blockage is present. So whilst you could argue sanctions has done some damage, I would guess that damage to the western block is far greater, because we are 'supposedly' a free market economy, whilst Russia is a Putin controlled economy.

Free markets can't deal with 'frictions' like central control economies can.

1 ( +6 / -5 )

"Moscow's success in keeping the ruble strong despite the sanctions..."

Thanks in large part to nations like Japan, which will talk semi-tough and then in reality fail to apply any strict measures and try to play both sides (very obviously, too). What is it... 80% of Japanese business in Russia continues even now? They want in on gas projects, are still exporting and importing, etc.

1 ( +8 / -7 )

This is a sociopath policy,by Japanese, Russian are steady humiliation Japan ,showing how weak they are, somebody maybe in Japan say,this is not a good idea,to make Russian lives easy ,that the hardship would make them turn against Putin,but enabling Putin ,like Trump did

-5 ( +1 / -6 )

This may be remembered the next time Japan brings up the issue of the northern territories. Leave them in Russian hands - at least you can trade cars for crab there.

-1 ( +3 / -4 )

New leases for oil and gas and now a used car bonanza?

Japan and Russia are becoming great trading partners!

3 ( +4 / -1 )

Kurisupisu every since American companies abandon Russian oil platform deal , Russian oil output has craters,only American has the technology to safely drill oil,

-2 ( +0 / -2 )

it took some time for you to admit that antirussian sanctions does not work.

few facts.

russian market wants quality used cars from Japan,since rate of ruble and jpy is in favour of shopping and there are money in Russia ready for shopping-there is high demand.as there is high demand-there are high sales as well.

Japan have imposed sanctions against Russia as per request from whitehouse.there is almost impossible to get payment from Russia in USD as all payments are stopped in USA by correspondence bank,many are sent back to Russia after long weeks of "checking" and very few are releaesd to Japan after very long delay caused by correspondence US banks.there are also sanctions for some russian banks to be off from swift system so russian buyers have few choices if wants to pay for cars purchased in Japan.most of them are oaying in rubles,their banks converting in JPY and we are getting paid in JPY here so no currency loss as getting exact amount.

this article did not mention few important things to know.

-Japan thanks to antirussian sanctions have lowered export of cars as price for FOB is acpped to 6mil JPY so many expensive cars-even wanted in Russia and clients have money to pay for-cant be purchased and exported so less revenue for japanese exporters and jp gov

-Japan thanks to antirussian sanctions have blocked some russian banks out of business so it made difficult for many russian buyers to pay for their cars in time,this obstacle caused unecessary stress for both sides buyers and exporters for NO REASON

-Japan thanks to antirussian sanctions have stopped shipmenst by ECL vessels/japanese company owned/ so all of expoprst are moved to Imari,Maizuru,Fushiki ports and business is done by russian vessels only.This means less revenue/loss for shipping agents in Yokohama,Nagoya,Kobe and Osaka for NO REASON.Thanks to that meaningless action there is waiting time for cars to be shipped some 2 months or so as there is not enough of vessel capacity to carry cargo from Japan to Vladivostok.Evene freight cost is more than doubled now strong demend remains.means Russia have money,russian clients have money and are ready to spend.

So to make picture complete-Japan have imposed sanctions that does not work and for NO REASON have made obstacles for both russian buyers and japanese exporters but yese where is will there is way to do.so we did.

As Japan have agree with russian side about Sakhalin 2 project,now its about time to remove these meangless antirussian sanctions which are just obstacle for normal business with Japan,so vessels of ECL can be back in work instead of making loss for owners while sitting unused in ports so japanese export can easily double of recent amount-will bring more profit for both sides and more tax revenue for jpn gov as well.

2 ( +6 / -4 )

The sanctions seemed to have benefited Pakistani auto-exports dealers.

0 ( +3 / -3 )

Give it a try and watch for used car prices while driving around. You won’t see many used cars priced at near or more than ¥6mio. That specific sanction is none and only a theory on paper.

3 ( +4 / -1 )

How do they use these cars in Russia? The steering wheels are on opposite side

-5 ( +1 / -6 )

Japan needs to act in its own best interest and open up all trade with Russia.

2 ( +4 / -2 )

LindsayToday 08:19 am JST

Japan’s sanctions on Russia are only paper sanctions that won’t effect Japan’s economy. Anything they are making money from is ok

/

There's no international sanctions on regular Russian people. The McDonald's and alike quit on their own decisions, as everything is politized in the West these days. And quickly the Russians figured out how to make their own ... you know, cheeseburgers

-2 ( +1 / -3 )

Sh1mon M4sada - Don't blame Japan for it. Blame Sullivan and Blinken, the architects of the response to Russia, and some would argue the architect of the original crisis. They had good advice from their own intelligence agencies and ignored all the advice. The market gave them ample warnings. They ignored those too.

Oh, yes! I forgot Japan was the 50th US state.

0 ( +0 / -0 )

How do they use these cars in Russia? The steering wheels are on opposite side

Russians can't afford to be fussy these days. They take whatever foreigners decide to throw them. LOL.

-5 ( +0 / -5 )

How do they use these cars in Russia? The steering wheels are on opposite side

The same way a Brit drives if they take their car by ferry to the Continent. It's ok on big streets and motorways but trying to pass on a two lane road can be very dangerous. Also, the headlights of a car with the wheel on the right are aimed towards the left (the opposite is true of cars with the steering wheel on the left). Same with motorcycles too, different headlight lenses for left and right hand drive markets. This is done to prevent blinding oncoming traffic, but when you drive a right hand drive car in a nation with left hand drive cars your headlights blind oncoming traffic.

2 ( +2 / -0 )

Login to leave a comment

Facebook users

Use your Facebook account to login or register with JapanToday. By doing so, you will also receive an email inviting you to receive our news alerts.

Facebook Connect

Login with your JapanToday account

User registration

Articles, Offers & Useful Resources

A mix of what's trending on our other sites