Arab Today, arab today russian business woos japan despite sanctions
Last Updated : GMT 21:31:37
Arab Today, arab today
Arab Today, arab today

Russian business woos Japan despite sanctions

Arab Today, arab today

Arab Today, arab today Russian business woos Japan despite sanctions

Russian businessman Alexey Repik
Tokyo - AFP

A Russian business lobby group made a push on Tuesday for Japanese investment as its economy struggles under Western sanctions linked to its role in the Ukraine crisis.
Even as the United States and Europe delayed another round of measures while they push a peace plan, Moscow is looking for cash to replace money that has fled, hoping to tempt resource-poor Japan with oil and gas.
"Now is the time for Japanese and Russian businesses to see a sunrise -- rather than a sunset -- of a day of victory for us," Alexey Repik, President of the Russian-Japanese Business Council told a news conference ahead of a business meeting.
"What we've been working together (on) in recent years... will bear fruit a few years later because both of us share a long-term viewpoint," he said.
The comments came as EU foreign ministers postponed new sanctions against Russia for a week to boost the chances of success at a four-way summit Wednesday aimed at brokering peace in eastern Ukraine, where Russian-backed separatists are fighting Kiev's forces.
US President Barack Obama on Monday agreed to hold off a controversial decision on sending arms to Ukraine until German-led efforts to broker a ceasefire with Russia are given a chance as he hosted German Chancellor Angela Merkel at the White House.
Japan's position with Moscow is a delicate one; while it must stand behind Washington, its chief ally, it is keen to tap much-needed commodities from Russia's far east.
Japanese Prime Minister Shinzo Abe would also like to resolve a decades-long territorial row that has prevented the signing of a peace treaty between Tokyo and Moscow.
The two sides are at odds over Russian-administered islands off Japan's far north, annexed by Soviet troops in the dying months of World War II.
Repik said the international squeeze on Russia -- the economy is expected to shrink three percent in 2015 owing to collapsing oil prices and a capital flight -- presented a possible opportunity for Japan.
"There are two sides to a coin... it makes it more appealing for Russia and Japan to jointly invest in production" in Russia because of the relative falling cost of Russian labour, he said.

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today russian business woos japan despite sanctions Arab Today, arab today russian business woos japan despite sanctions

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today russian business woos japan despite sanctions Arab Today, arab today russian business woos japan despite sanctions

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday