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Japan denies report government asked trading houses to join Russia visit in May

Published by Global Banking & Finance Review

Posted on April 3, 2026

2 min read

· Last updated: April 3, 2026

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Japan denies report government asked trading houses to join Russia visit in May
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TOKYO, April 3 (Reuters) - The Japanese government on Friday denied a report by Kyodo news agency that it has asked the country's top trading houses to join a delegation which plans to visit Russia in

Japan Denies Request for Trading Companies to Join Government's Russia Visit

Government Response to Kyodo News Report

TOKYO, April 3 (Reuters) - The Japanese government on Friday denied a report by Kyodo news agency that it has asked the country's top trading houses to join a delegation which plans to visit Russia in May.

Details of the Kyodo News Report

Late on Thursday, citing sources, Kyodo said that the government is anticipating that Japanese companies will fully resume business in Russia once its war with Ukraine is over.

Companies Named in the Report

It added that the government has requested participation from Mitsubishi, Mitsui, Itochu, Sumitomo Corp, Marubeni, as well as from Mitsui O.S.K Lines shipping company.

Official Government Statements

Chief Cabinet Secretary's Comments

"As for the factual accuracy of the report, it is not true. The Japanese government will continue to implement sanctions against Russia," Chief Cabinet Secretary Minoru Kihara told a regular news conference.

Context: Japan's Sanctions and Oil Imports

Russia's full-scale invasion of Ukraine started in 2022 and international diplomatic efforts have not yet led to a peace deal. Japan joined a wide range of western sanctions on Russia and largely stopped importing oil from there after 2022.

Impact on Japan's Oil Supply

Japan's dependence on the Middle East, which supplies over 90% of its oil needs, is being challenged as the U.S.-Israeli war on Iran stops shipments via the Strait of Hormuz.

Industry and Company Responses

Japan's industry ministry said separately it did not make any such requests to trading companies. Marubeni declined comment, other companies did not immediately reply to a Reuters request for comment.

(Reporting by Katya Golubkova, Tamiyuki Kihara, Kaori Kaneko and Kentaro Okasaka; Editing by Kim Coghill)

Key Takeaways

  • Japan denies requesting participation from trading houses for a Russia visit, affirming ongoing sanctions against Moscow.
  • Kyodo had reported the government anticipated a post‑war business rebound and approached firms such as Mitsubishi, Mitsui, Itochu, Sumitomo, Marubeni, and MOL.
  • The denial underscores Tokyo’s adherence to Western sanctions, even amid energy concerns due to the Iran‑Middle East crisis disrupting oil shipments via the Strait of Hormuz, which threatens Asia’s energy security.

References

Frequently Asked Questions

Did Japan ask trading houses to join a Russia delegation in May?
No, the Japanese government has denied asking trading houses to join a delegation to Russia in May.
Which companies were reportedly asked to join the Russia visit?
The report mentioned Mitsubishi, Mitsui, Itochu, Sumitomo Corp, Marubeni, and Mitsui O.S.K Lines.
Is Japan resuming business with Russia?
No, Japan continues to implement sanctions against Russia and has not announced a resumption of business.
What is Japan's position regarding sanctions on Russia?
Japan is maintaining sanctions against Russia following the invasion of Ukraine.
How does the conflict affect Japan's oil imports?
Japan has largely stopped importing oil from Russia and relies mainly on the Middle East for its oil supplies.

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