The Japanese Ministry of Trade has announced plans to send government officials to Russia by the end of May to assist Japanese companies that continue operations in the country. This initiative aims to safeguard the assets of these businesses amid the complex geopolitical landscape.
Officials from the Japanese government are currently arranging the trip, with the possibility that representatives from relevant companies may join them, depending on the circumstances. A ministry spokesperson emphasized the importance of protecting the investments of Japanese firms still active in Russia.
These remarks follow a report by Kyodo News on May 8, which outlined the government’s intention to dispatch a delegation to Russia for discussions on economic matters as the conflict in Ukraine persists. However, the Ministry of Trade later clarified that Japan will maintain coordination with the G7 regarding sanctions against Russia, asserting that the current situation does not permit the development of new forms of cooperation with the country.
Kyodo News first reported on the potential visit of an economic delegation to Russia in April, but Prime Minister Minoru Kihara had previously denied such plans. The ongoing dialogue reflects Japan’s cautious approach to balancing its economic interests with international sanctions and diplomatic relations.
Japan's Ministry of Trade is planning a government visit to Russia to support companies still operating there, despite ongoing sanctions. The initiative aims to protect Japanese assets while maintaining alignment with G7 sanctions policies.
Source: Kyodo News