Japan will impose additional sanctions on Russia for failing to defuse the crisis in Ukraine, where the recent downing of a Malaysia Airlines jet killed all 298 people aboard, the government said Monday.

Assets held in Japan by individuals or groups directly involved in Russia's annexation of Crimea or the instability in eastern Ukraine will be frozen, Chief Cabinet Secretary Yoshihide Suga said during his daily press briefing.

Japan will also follow the European Bank for Reconstruction and Development's recent decision to freeze funding for new projects in Russia, and limit imports of Crimea-made products, Suga said.