Russia allows Japan to keep stake in Sakhalin-1
Tokyo had shown its policy of maintaining Japan’s interest in Sakhalin-1, hoping to reduce the country’s oil dependence on the Middle East, which stands at about 90 per cent.
Tokyo had shown its policy of maintaining Japan’s interest in Sakhalin-1, hoping to reduce the country’s oil dependence on the Middle East, which stands at about 90 per cent.
The total investment to set up the new company is likely to be more than ¥7 billion (USD 49 million).
It intends to emphasise the importance of Japan-US cooperation by being the first among the participating countries to agree to the US proposal.
The leaders of both nations also confirmed that Tokyo and Washington would continue to work closely on addressing issues relating to China.
Kishida’s meeting with Yoon was the first formal in-person dialogue between the leaders of Japan and South Korea since December 2019.
International political observers said that enhancing the relationship to the comprehensive strategic partnership would be mutually beneficial.
The two leaders will hold bilateral talks on the sidelines of the Asia-Pacific Economic Cooperation (APEC) forum.
A joint statement also said Washington would strengthen its extended deterrence policy for Tokyo and Seoul to prevent nuclear attacks on US allies with its nuclear capability.
According to sources, it intends to emphasize the importance of Japan-US cooperation by being the first among the participating countries to agree to the US proposal.
The focus is whether the first summit talks between Japanese and South Korean leaders in about three years will lead to improvements in the chilly bilateral relations.