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Japan car industry losing billions over Russia export ban – Reuters ...News
Tokyo has added used vehicles to its automobile ban in line with G7 sanctions Japan’s decision to include used vehicles in its ban on car exports to Russia will cost the country nearly $2 billion, Reuters reported on Monday, citing trade data and market participants. The ban on sales of all but subcompact vehicles to Russia came into effect in early August, having cut off a lucrative sales channel for secondhand Toyotas, Hondas, and Nissans for a network of brokers and smaller ports. Tokyo had originally barred exports of luxury vehicles to the sanctions-hit country in April 2022. A further prohibition on sales of
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