Apr 3, 2022
Mitsui and Mitsubishi cut value of stakes in Sakhalin-2 energy project
Major Japanese trade houses Mitsui & Co. and Mitsubishi Corp. said Tuesday they have trimmed the value of their stakes in the Sakhalin-2 oil and natural gas project in the Russian Far East by a combined ¥217.7 billion ($1.7 billion), citing growing business uncertainty. Mitsui cut its investment value by ¥136.6 billion and Mitsubishi by