Japanese companies in no rush to leave Russia – survey

The number of Japanese companies planning to relocate or downsize their operations in Russia has fallen by half since last year

The majority of Japanese companies operating in Russia are not planning to leave the country despite the sanctions-related challenges, according to a new survey by the Japan External Trade Organization (JETRO).

Many US, European, and Asian companies have downsized or exited the Russian market due to Western sanctions linked to the Ukraine conflict since 2022, citing reputational concerns or fear of secondary sanctions.

Japan followed these measures but kept stakes in key energy projects. JETRO data shows only 4% of…

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