According to the managing executive officer of Sumitomo in an interview with Reuters, Japanese firms are feeling little to no effect of the US’ current sanctions against Russia, though it is possible that Japanese firms may get targeted by specific US sanctions in the future.
Key quotes
” “At this moment we are not that affected,” Hideki Yamano told Reuters on the sidelines of the Eastern Economic Forum at the Russian Far East port of Vladivostok.
Asked if future projects by Japanese firms might be hurt because of the U.S. sanctions, Yamano said it was possible.
“We are closely monitoring the development (with the new sanctions,” he said.”
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