Japan's Cabinet on Tuesday approved additional sanctions against Russia, freezing assets of 398 Russian individuals including President Vladimir Putin's two daughters and the wife of Foreign Minister Sergey Lavrov, Kyodo News reports.

The fresh sanctions that are in step with punitive measures taken by the United States and the European Union include freezing assets of 28 more Russian organizations such as those related to military business and two more lenders Sberbank and Alfa Bank. The measure for the banks will be implemented on May 12.

The Japanese government will also prohibit Japanese individuals and companies to make any new investments to the country.