Japan explains why it won’t quit Russian energy ...News

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Japan explains why it won’t quit Russian energy
source : Russia Today ( News ) () 35
An exit from joint oil and gas project would undermine Western sanctions, energy minister says Japan’s industry minister warned on Friday that quitting the Sakhalin energy projects in Russia’s Far East would undermine Western sanctions and benefit Moscow. “We are concerned that if Japan withdraws from the project and the concessions are acquired by Russia or a third country, it could further boost resource prices and benefit Russia, which will not result in effective sanctions,” Economy, Industry and Trade Minister Koichi Hagiuda told a news conference. The Sakhalin-1 oil and gas project and Sakhalin-2, one of the

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