According to Bloomberg, Japanese Mitsubishi and Mitsui own 22.5% of the Sakhalin-2 oil and gas project, and a significant part of the extracted resources belongs to Japan.

Accordingly, the abandonment of the field will force the state to look for new sources of energy in an overloaded market.

“If Japan withdraws from the project, it can be purchased by a third party.

Withdrawal from energy projects in Russia will lead to even greater price increases and will not be an effective sanctions strategy,” said Japanese Trade Minister Koichi Hagiuda.

At the end of March, Japanese Prime Minister Fumio Kishida announced that Tokyo had no plans to withdraw from the Sakhalin-2 oil and gas project.

On April 12, Tokyo imposed sanctions on 398 individuals and 28 organizations from Russia, and also approved the freezing of the assets of Sberbank and Alfa-Bank from May 12.

Press Secretary of the Russian leader Dmitry Peskov said that Japan has become an unfriendly country for Russia.