Regarding the increasing economic sanctions on Russia due to the military invasion of Ukraine, President Mimura of the Japan Chamber of Commerce and Industry cooperated with each country at a regular meeting on the 3rd, preparing for the negative economic impact on Japanese companies. I showed the idea that it should be dealt with.
In this, Chairman Mimura said about shutting out seven Russian banks from the international payment network called SWIFT, "This Russian invasion of Ukraine is really unthinkable. Sanctions will affect not only Russia but also Japanese companies. However, for the big purpose of changing President Putin's thinking, we should be prepared for the negative economic impact, "he said, saying that Japan should deal with it in cooperation with each country.
Also, regarding the fact that major Western oil companies have decided to withdraw from oil and natural gas development projects in the Far East of Russia and Saharin one after another, and the response of major Japanese trading companies participating in the project is drawing attention. There are gas companies that buy LNG = liquefied natural gas, but in the current situation it is not possible to shift to another. It is not always good to think carefully, analyze and make quick decisions on projects that should be acted upon. Not. "