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Japan’s Marubeni Corp to freeze all new transactions in Russia

The company will seek to terminate existing deals as much as possible, it said in a release. (AFP)
The company will seek to terminate existing deals as much as possible, it said in a release. (AFP)
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21 Apr 2022 06:04:36 GMT9
21 Apr 2022 06:04:36 GMT9

TOKYO: Japanese trading company Marubeni Corp will freeze all new transactions in Russia, including those not subject to sanctions, it said on Thursday.

The company will seek to terminate existing deals as much as possible, it said in a release.

Marubeni’s trade with Russia includes tyres and chemicals, but it could not comment on the Sakhalin-1 oil project because it is a single shareholder, a company spokesperson added.

Reuters

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