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Japan will not be leaving the Sakhalin-1 oil and gas project in Russia’s Far East because of its significance to the country’s energy supply, Japanese Economy, Trade and Industry Minister Koichi Hagiuda has said.
Earlier this month, Vladimir Putin signed in decree on transactions with shares in strategic companies for holders from “unfriendly states” – those that placed sanctions on Russia in connection with Ukraine.
Japanese energy company SODECO owns a 30% stake in Sakhalin-1. Earlier, Japan supported the US and the EU and put sanctions on Russia.
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However, Tokyo appears to be reluctant to jeopardize its energy supply.
