In response to the tightening situation in Ukraine, the Ministry of Economy, Trade and Industry has decided to set up a new countermeasures headquarters to consider ways to stably procure important materials such as energy and rare metals.
With the tightening of sanctions following Russia's invasion of Ukraine, there are concerns that the supply of energy such as natural gas and oil from Russia and rare metals such as palladium will be disrupted.
In response to this situation, the Ministry of Economy, Trade and Industry has decided to newly establish the "Strategic Materials and Energy Supply Chain Countermeasures Headquarters" to study ways to stably procure important materials such as energy and rare metals. ..
In the future, in collaboration with related ministries and agencies, we will consider ways to procure from countries and regions other than Russia, and from the perspective of economic security, we will proceed with analysis of the supply chain = supply network of important supplies.
At a press conference after the Cabinet meeting on the 18th, Minister of Economy, Trade and Industry Hagiuda said, "In order to eliminate vulnerabilities in the supply of goods and energy essential to people's lives and the economy and industry, the ministry will discuss in a cross-cutting system. First of all, I instructed the government to immediately put together measures to deal with the supply instability of strategic supplies from Russia and Ukraine. "