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Over 60pc of Japanese companies have suspended operations in Russia amid Ukraine conflict: Report

Tokyo [Japan], February 23 (ANI): Amid the continuing conflict between Russia and Ukraine, greater than 60 per cent of Japanese companies have both suspended their operations or withdrawn from the nation fully, NHK World-Japan reported. The revelation has been made within the responses of 99 firms to a survey carried out by the Japan External Trade Organization in January.

According to the survey, 4 per cent companies have mentioned that they had both already withdrawn from Russia or have made the choice to go away. Another 17.2 per cent have mentioned they’ve fully suspended operations in Russia, as per the NHK World-Japan report.

Meanwhile, 43.4 per cent have mentioned they’ve partially suspended enterprise operations in Russia. 35.4 per cent have revealed that it was enterprise as typical, as per the news report.

Furthermore, 10 per cent of firms have mentioned that they count on to maneuver out of Russia within the subsequent six to 12 months, whereas 37 per cent of firms are anticipated to proceed their operations in Russia.

An 11-point enhance has been witnessed in companies which have absolutely or partially suspended operations compared to the same survey carried out in August final yr, as per the NHK World-Japan report.

A Japan External Trade Organization (JETRO) official mentioned that extra firms should take a choice on whether or not they may withdraw from Russia, as per the news report. However, some have expressed concern that they may lose market share to nations like China in the event that they transfer out of Russia.

Ahead of 1 yr anniversary of Russia’s assault on Ukraine, United Nations Secretary-General Antonio Guterres condemned Moscow’s invasion of Kyiv and mentioned that it “is an affront to our collective conscience.” Notably, the battle between Russia and Ukraine started on February 24 final yr.

While addressing the eleventh emergency particular session two days earlier than the anniversary of Russia’s assault on Wednesday, Guterres mentioned, “When you mark Russia’s invasion of Ukraine stands as a green milestone for the people of Ukraine and for the International community that invasion is an affront to our Collective conscience.””It is a violation of the UN Charter and international law. It is having dramatic humanitarian and human rights consequences and the impact is being felt far beyond Ukraine,” he added. (ANI)

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