Marubeni cuts exposure to Russia as it writes down stake in Sakhalin-1 project
Japanese trading house Marubeni Corp. said Friday it had cut its exposure to Russia by ¥12.6 billion ($97 million) in the year that ended March 31, mainly by writing down its stake in the country’s Sakhalin-1 oil project. Its net exposure to Russia, including long-term credit, fixed assets and investments, was reduced to ¥12.3 billion
