Russia's decree on Sakhalin-2 project not a requisition, says Japan industry minister

Japan doesn't consider Russia's decree on the Sakhalin-2 gas and oil project as a requisition, industry minister Koichi Hagiuda said to reporters on Friday.

The Japanese government believes the decree, signed by Russian President Vladimir Putin on Thursday, is asking current stakeholders whether they agree to hand over all rights of the project to a new company, he added.

Putin signed a decree on Thursday to take charge of the Sakhalin-2 project in Russia's far east, a move that could force Shell and Japan's Mitsui and Mitsubishi to abandon their investments in the project.

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