Japanese insurance companies that specialize in property insurance have suspended the conclusion of new contracts and the extension of existing ones with Japanese companies operating in the Russian market. Russian media write about it.

In particular, the company is called Tokio Marine Nichido.

It is noted that this is due, first of all, to the difficulties in conducting transactions in the light of the sanctions imposed against Russia and Russian companies..

Now, if Japanese companies decide to continue their activities in the Russian Federation, they may need to conclude property insurance agreements with local companies.

According to Tokyo Shoko Research, about 200 companies were operating in Russia in March this year.. In turn, the Japan External Trade Development Organization (JETRO) reports that about 50 companies continue to operate in Russia.

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Earlier it was reported that Japan decided to expel eight Russian diplomats from the country.. Decisions were made due to the killings of the civilian population of Ukraine by Russian invaders. For Japan, such a step is a rarity, they write in the publication..