Geopolitics Alpha

Japan adds Garantex to list of Russia sanctions over Ukraine war

Published . Updated .

Garantex was previously sanctioned by the US, the EU and other jurisdictions for helping Russian entities evade financial restrictions.

Directly affected

  • No company is named in this report.

Indirectly affected

  • LMT Lockheed Martin

    Defense contractors get more work when conflict spending rises

  • RTX RTX

    Defense contractors get more work when conflict spending rises

  • NOC Northrop Grumman

    Defense contractors get more work when conflict spending rises

  • XLE Energy Select Sector SPDR

    Energy prices move when Russian supply is at risk

  • GD General Dynamics

    Defense contractors get more work when conflict spending rises

  • ITA iShares U.S. Aerospace & Defense

    A fund of aerospace and defense companies

  • USO United States Oil Fund

    This fund moves with oil prices

  • XOM Exxon Mobil

    Oil producers move when sanctioned barrels leave the market

  • JPM JPMorgan Chase

    Bank profits move with lending and interest rates

  • BAC Bank of America

    Bank profits move with lending and interest rates

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
LMT———————
RTX———————
NOC———————
XLE———————
GD———————
ITA———————
USO———————
XOM———————
JPM———————
BAC———————

Garantex was previously sanctioned by the US, the EU and other jurisdictions for helping Russian entities evade financial restrictions.

Source: Cointelegraph

The price since 4 Oct 2026: IShares U.S. Aerospace & Defense ETF (ITA) versus the S&P 500

Since the first closing price after “Japan adds Garantex to list of Russia sanctions over Ukraine war,” IShares U.S. Aerospace & Defense ETF (ITA) is +0.36%. The S&P 500 fund (SPY) is -1.08% over the same days, a +1.44% difference versus the market. industrial stocks (XLI) is -1.99%, a +2.35% difference versus that group of stocks.

ITA
SPY
XLI

Disclosure records for IShares U.S. Aerospace & Defense ETF (ITA) within two months of 4 Oct 2026

Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).

Companies in defense around IShares U.S. Aerospace & Defense ETF (ITA)

Companies carried with this story

  • ITA IShares U.S. Aerospace & Defense ETF

    For “Japan adds Garantex to list of Russia sanctions over Ukraine war,” IShares U.S. Aerospace & Defense ETF (ITA) is linked, with no stored direction, medium confidence. Reason on file: Material security escalation can alter defense demand expectations and risk premia

  • XAR Spdr Series Trust

    Spdr Series Trust (XAR) is linked, with no stored direction, medium confidence in the 4 Oct 2026 story “Japan adds Garantex to list of Russia sanctions over Ukraine war.” Reason on file: Material security escalation can alter defense demand expectations and risk premia

  • COST Costco Wholesale Corp /New

    In “Japan adds Garantex to list of Russia sanctions over Ukraine war,” Costco Wholesale Corp /New (COST) is linked, with no stored direction, medium confidence. Reason on file: GA selected COST as a RELATED security because its curated list / industry / sector context matches this event (curated-list=list). This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • AAL American Airlines Group

    In “Japan adds Garantex to list of Russia sanctions over Ukraine war,” American Airlines Group (AAL) is linked, with no stored direction, medium confidence. Reason on file: GA selected AAL as a RELATED security because its curated list / industry / sector context matches this event (curated-list=list). This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • BRUN Boost Run

    In “Japan adds Garantex to list of Russia sanctions over Ukraine war,” Boost Run (BRUN) is linked, with no stored direction, medium confidence. Reason on file: GA selected BRUN as a RELATED security because its curated list / industry / sector context matches this event (curated-list=list). This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • CDLX Cardlytics

    Cardlytics (CDLX) is linked, with no stored direction, medium confidence in the 4 Oct 2026 story “Japan adds Garantex to list of Russia sanctions over Ukraine war.” Reason on file: GA selected CDLX as a RELATED security because its curated list / industry / sector context matches this event (curated-list=list). This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • CSIQ Canadian Solar

    Canadian Solar (CSIQ) is linked, with no stored direction, medium confidence in the 4 Oct 2026 story “Japan adds Garantex to list of Russia sanctions over Ukraine war.” Reason on file: GA selected CSIQ as a RELATED security because its curated list / industry / sector context matches this event (curated-list=list). This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • CTRI Centuri Holdings

    For “Japan adds Garantex to list of Russia sanctions over Ukraine war,” Centuri Holdings (CTRI) is linked, with no stored direction, medium confidence. Reason on file: GA selected CTRI as a RELATED security because its curated list / industry / sector context matches this event (curated-list=list). This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

IShares U.S. Aerospace & Defense ETF (ITA) and the defense link

The 4 Oct 2026 story “Japan adds Garantex to list of Russia sanctions over Ukraine war” names IShares U.S. Aerospace & Defense ETF (ITA) because of Defense.

For IShares U.S. Aerospace & Defense ETF (ITA), the reason on file says Material security escalation can alter defense demand expectations and risk premia

Also listed, Spdr Series Trust (XAR): Material security escalation can alter defense demand expectations and risk premia

Price levels for IShares U.S. Aerospace & Defense ETF (ITA)

COST traded between 883.78 and 1008.00 across 20 sessions. The latest close on file is 995.74. ITA traded between 201.08 and 217.79 across 20 sessions. The latest close on file is 207.60. XAR traded between 216.28 and 245.40 across 20 sessions. The latest close on file is 223.20.

A simple score for IShares U.S. Aerospace & Defense ETF (ITA)

46 out of 100

“Japan adds Garantex to list of Russia sanctions over Ukraine war” scores 46 out of 100. The score uses 1 sources, and 11 linked companies.