news unrolled

Post: The Tokyo Embassy announced that the trade between the two countries has decreased.

Categories

State flags of Russia (right) and Japan. archive photo

Russian Embassy in Tokyo: Trade turnover between Japan and Russia decreased by 41% at the beginning of the year

TOKYO, May 9 – RIA Novosti. Deputy head of diplomatic mission Gennady Ovechko said in an interview with RIA Novosti that as a result of Tokyo’s unconstructive stance, the trade volume between Japan and Russia decreased by 41% in the first quarter of this year.

“Business (Japan) is under unprecedented pressure from both local authorities and abroad. Negative dynamics can also be seen in trade. It was about $20 billion (8.9% down) at the end of 2022. “This is Japan’s Russia.” He said: “It has significantly decreased its exports to $4.67 billion (a 40.5% decrease)”.

According to him, the Japanese authorities restricted or banned the import of a wide variety of goods into Russia, as a result of which used cars became the largest group of goods exported to our country in 2022 – 41.5% of turnover.

According to him, imports from Russia increased by 8.8% to $15.38 billion, mainly due to the favorable price environment in the global energy and commodity markets. In the supply structure, 34.4% of the turnover was made up of LNG, 24% coal, 24% coal, 14.6% non-ferrous metals, 7.9% food (mainly seafood and fish). Trade decreased by 41% in the first quarter of 2023. Experts predict that it will fall further due to tougher measures taken by the collective West against Russia,” Ovechko said.

The diplomat noted a sharp decline in the level of bilateral trade and investment cooperation. In particular, “Under the conditions of the direct ban imposed by the Fumio Kishida administration on capital investments, loans and the supply of equipment, Japanese trade has lost its position in our country: auto giants Toyota, Nissan and Mazda have left Russia. According to expert estimates, Tokyo is part of the Central Bank of Russia 4- It froze its foreign exchange reserves of 5 trillion yen ($30-38 billion).

The interlocutor of the agency emphasized that until now, Japanese companies have always considered the Russian market comfortable and promising, because they receive increased profits. “This probably explains their pragmatic approach to working in our country,” said the diplomat.

Now contacts and interaction are only preserved in some areas.

Rare oases of common sense are collaborations in the fields of energy and fisheries. Last year, domestic energy supply exceeded 11 billion dollars. “In general, contacts are kept to a minimum and used to resolve the most pressing issues,” he said. .

Russian Embassy building in Tokyo, Japan - RIA Novosti, 1920, 05/09/2023

The Russian Embassy announced that there is a trend towards worsening relations with Japan.

Source: Ria

Leave a Reply

Your email address will not be published. Required fields are marked *