3339566 - AS Java fails to start - Cannot find any provider supporting PbeWithSHAAnd3_KeyTripleDES_CBC

AS Java fails to start during or after upgrade process. Below logs can be detected:

dev_jstart:

[...]
F  *** ERROR => Node 'bootstrap' failed with exit code 558.
F  ***
F  *** Please see section 'Failures in the 'synchronizing binaries' phase'
F  *** in SAP Note 1316652 for additional information and trouble shooting advice.
[...]

dev_bootstrap:

[...]
F  *** ERROR => Java node 'Instance_bootstrap' terminated with exit code 558.
F  ***
F  *** Please see section 'Java program exit codes'
F  *** in SAP Note 1316652 for additional information and trouble shooting advice.
[...]

jvm_bootstrap.out:

[...]
Starting to initialize database connection
Exception occurred for component [internal/unkown] of type [unkown]
com.sap.engine.bootstrap.SynchronizationException: Storage access initialization failed due to OpenSQL error.Check if your db driver file is available on the file system or if the user has correct permissions for that file
[...]
----------==[ Caused by: ]==----------
com.sap.engine.frame.core.configuration.ConfigurationException: Error while connecting to DB.
[...]
Caused by: com.sap.sql.log.OpenSQLException: Error while accessing secure store: Encryption or decryption is not possible. JCE Jurisdiction Policy Files don't allow the use of PbeWithSHAAnd3_KeyTripleDES_CBC..
[...]
Caused by: com.sap.security.core.server.secstorefs.NoEncryptionException: Encryption or decryption is not possible. JCE Jurisdiction Policy Files don't allow the use of PbeWithSHAAnd3_KeyTripleDES_CBC.
[...]
Caused by: java.security.NoSuchAlgorithmException: Cannot find any provider supporting PbeWithSHAAnd3_KeyTripleDES_CBC
    at javax.crypto.Cipher.getInstance(Cipher.java:543)
    at com.sap.security.core.server.secstorefs.crypt.legacy.CryptTripleDES.tryCipherInitialization(CryptTripleDES.java:265)
    at com.sap.security.core.server.secstorefs.crypt.legacy.CryptTripleDES.<init>(CryptTripleDES.java:76)
    at com.sap.security.core.server.secstorefs.CryptFactory.getInstance(CryptFactory.java:42)
    at com.sap.security.core.server.secstorefs.SecStoreHandler.openExistingStore(SecStoreHandler.java:357)
    ... 18 more
[...]

• SAP NetWeaver Application Server Java 7.5
• SAP Java Virtual Machine 8.1

KBA , BC-JAS-COR , Enterprise Runtime, Core J2EE Framework , BC-JAS-SEC , Security, User Management , BC-JVM , SAP Java Virtual Machine , Problem