Japan has imposed sanctions on Kazakhstan’s Elem Group, which it accuses of violating anti-Russian regulations. Elem Group has been on the US and EU sanctions lists since February 2024.
With its latest decision, Japan has placed a total of ten companies from China, UAE, India and Uzbekistan on the sanctions list in addition to Elem Group.
According to the Russian newspaper Izvestiya, Chief Cabinet Secretary Yoshimasa Hayashi said that Japan has frozen the assets of these companies and banned all exports to these companies. If we give information about the company: In February 2024, Elem Group was sanctioned by the European Union and the United States. At that time, the US Treasury Department accused Elem Group of exporting high-priority goods to Streloi Ekommerts, a US-registered company operating in Russia.
Elem Group was opened in Almaty in March 2022 and re-registered in February 2024. According to eGov.kz, the company’s founder is Arthur Korolenok, and its main activity is wholesale trade in electronics, telecommunications equipment and components.
However, as the Kazakhstan Ministry of Trade reported in February, Elem Group was already in the process of closing itself. In June 2024, another Kazakhstan company, KBR-Technologii, became the target of US sanctions for supplying components for unmanned aerial vehicles to Russia. Kazakhstani officials said they would find out the reasons for imposing sanctions on the company.
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