Russia Lets Japan Keep Its Stake In The Sakhalin-1 Oil Project

Russia has decided to let Japanese firms keep their stake in the Sakhalin-1 oil project in Russia’s Far East as Moscow reshuffles ownership of domestic oil and gas projects after a mass exodus of Western firms following the Russian invasion of Ukraine.    “The decision is very significant for stable energy supplies to our country over the medium to long term,” Japan’s Chief Cabinet Secretary Hirokazu Matsuno said on Tuesday, as quoted by Japan Times. Early this month, the Japanese government asked the Japanese…