ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
International relations

Russia transfers Sakhalin-2 to new operator without compensation

Putin move raises fears Japan's Mitsui, Mitsubishi may be excluded from new deal

TOKYO -- Russian President Vladimir Putin has ordered that the assets of Sakhalin-2, an oil and natural gas development project in Russia's Far East, be transferred to a newly established Russian corporation without compensation.

The presidential order signed on Thursday has raised concerns in Japan that Mitsui & Co. and Mitsubishi Corp., the two Japanese participants in the project, may now be excluded from it.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more