The losses of seven leading Japanese corporations from the impact of sanctions imposed against Russia over Ukraine were estimated at over $2 billion by April. Among others, Mitsui, Mitsubishi and Sumitomo lost money. The newspaper Sankei Shimbun wrote this (https://www.sankei.com/article/20220510-R4PAUDG3WRNPZH5MZRWRBFFZVA/photo/SRURFTOL4BNSDNAJNKVHNZW27E/) based on the results of the companies' annual reports for last year. The amount of losses includes reduction of the market price of corporate assets in Russia and Sakhalin-1 (https://t.me/asian_states_in_ukrainian_crisis/1052) and Sakhalin-2 Asia oil and gas projects.
Despite the losses, the final profit of all seven companies reached a record high level.
The other day, the G-7 countries agreed to reduce their dependence on Russian energy resources - primarily oil and gas. At the same time, Tokyo, a member of the group, intends to retain its shares in Sakhalin projects.
Comments
Post a Comment