Minister of industry and trade: sanctions against Russia harmful to both parties

TOKYO, February 27. /Corr. Kirill Agafonov/. The sanctions imposed against Russia by Western countries and Japan, harmful to both sides, and even in such circumstances, relations between Moscow and Tokyo are developing. This was stated by the head of the Ministry of industry and trade of Russia Denis Manturov in an interview published in the Japanese newspaper “Yomiuri” on the eve of his visit to Tokyo on February 29th.

“Sanctions are harmful for both parties. Even if you change the setting, you can’t stop the dialogue on trade and economic cooperation. Even under sanctions, Russia’s relations with Japan are developing,” he said.

However, Manturov noted that “last year the trade volume between Russia and Japan amounted to $19.4 billion (about 2.19 trillion yen), which is 32% lower than a year earlier.” “Through the visit to Japan I want to restore the dialogue between the business communities of the two countries,” he said.

Speaking about his expectations from the visit, the Minister noted that Russia hopes for technology transfer and local production. “We offer a comfortable environment for business that is involved in long-term projects. We want to promote cooperation not only in the field of export of raw materials and energy, but also in the field of high technologies, and others,” he concluded.

Manturov will arrive in Tokyo at the head of the delegation of representatives from more than 150 companies to 29 February start here business mission “Trade and industrial dialogue: Russia – Japan”.