Following a military invasion of Ukraine, Marubeni, a major trading company, has announced a policy to freeze new transactions related to Russia.
Marubeni announced on the 21st its business policy based on the situation in Ukraine.
In this situation, the company will comply with the policy of sanctions on Russia by the Japanese government and the international community, freeze new transactions related to Russia, and if possible, the transactions already underway. We have announced that we will proceed with cancellation and reduce the number.
According to the company, Russia trades tires, rubber products, and chemicals, but it means that it will reduce these businesses.
On the other hand, "SODECO / Sakhalin Oil and Gas Development", which Marubeni also invests in, is participating in "Sakhalin 1", an oil and natural gas development project in Sakhalin in the Russian Far East. We will consider appropriate measures after consultation with the government and other related parties. "
At a major trading company, Sumitomo Corporation, which sells automobiles and construction machinery in Russia, and also manages forests, has announced that it will suspend or reduce its Russian business.