• Kyodo

  • SHARE

The head of the Japan Bank for International Cooperation said Thursday that the government-owned lender has no choice but to review businesses with Russian partners after the invasion of Ukraine.

The Japanese government, along with various domestic energy firms, holds a stake in Sakhalin Oil and Gas Development Co. (SODECO) — a joint venture with Russian state-backed energy firms. SODECO owns a 30% stake in the Sakhalin 1 oil and gas project, and the government has extended loans to both Sakhalin 1 and its sister project Sakhalin 2, which are located in the Russian Far East.

Unable to view this article?

This could be due to a conflict with your ad-blocking or security software.

Please add japantimes.co.jp and piano.io to your list of allowed sites.

If this does not resolve the issue or you are unable to add the domains to your allowlist, please see out this support page.

We humbly apologize for the inconvenience.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.

SUBSCRIBE NOW

PHOTO GALLERY (CLICK TO ENLARGE)