Japanese firms dealing with Russia feel little impact from U.S. sanctions


Japanese firms dealing with Russia were experiencing little impact from U.S. sanctions on Moscow, but it was possible that they may also be sanctioned by the United States, the managing executive officer of Sumitomo Corp said on Tuesday.

"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.

© (c) Copyright Thomson Reuters 2018.

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So the sanctions are failing, or rather being ignored.


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If you do have problems, just ask Trump. He gets on well with the Russians. He knows how to make deals with them.

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Russian ruble is already down around 10% this year (only Turkey, Argentina, Brazil are worse)

0 ( +0 / -0 )

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