A study by Yale University in the United States found that 65 Japanese companies are continuing operations in Russia. The Ministry of Economy, Trade and Industry said that more than 100 companies are maintaining local bases, and that many are leaving bases and personnel in place rather than withdrawing.
According to a study by Yale University in the United States, 65 Japanese companies are continuing operations in Russia. The Ministry of Economy, Trade and Industry’s position is that more than 100 companies are maintaining local bases. Despite scaling back operations and stopping new investment, many companies reportedly have not withdrawn and continue to retain bases and personnel.
Mitsubishi Corporation and Mitsui & Co. are participating in Sakhalin-2, an oil and natural gas development project in Russia’s Far East. The project is not subject to US economic sanctions and continues to export liquefied natural gas to Japan. Similar moves have also been confirmed at ITOCHU Corporation and Marubeni Corporation.