Minister of Economy, Japan's Trade and Industry Ukoichi Hagiuda said the country's authorities want to keep Japanese companies' stakes in the Sakhalin-1 project. He made such a statement while commenting on Russian President Putin's decree banning transactions with shares owned by enemy countries.
According to him, transactions with shares and other assets of Sakhalin-1 will not be possible until the end of this year. At the same time, we are now clarifying all the details.
“I would like to note that for our country, Sakhalin-1 is an important source of oil supplies outside the Middle East. Now Japan is 90% dependent on oil from the Middle East. There is no change in our stance on maintaining the shares of our companies,” added Hagiuda.