These are Japanese companies operating in Russia.
Japanese insurance companies specializing in property insurance , suspended the conclusion of new contracts and the continuation of existing ones with companies from Japan operating in the Russian market. This is what the Russian media write about.
In particular, the company is called Tokio Marine Nichido.
It is noted that this is primarily due to difficulties in conducting transactions in light of the sanctions imposed on Russia and Russian companies.
Now, if Japanese companies decide to continue their activities in Russia, they may need to enter into property insurance contracts with local companies.
According to Tokyo Shoko Research, in March this year in Russia operated about 200 companies. Japan's Foreign Trade Development Organization (JETRO) says about 50 companies are still operating in Russia.
Read also: Japan plans to reset imports from Russia – the government will announce the decision today
It was reported that Japan has decided to expel eight Russian diplomats from the country. The decision was made due to the killings of Ukrainian civilians by the Russian occupiers. For Japan, such a step is a rarity, the publication writes.
