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Economic and Environmental Risks in Abe’s Energy Investments in Russia

In 2019, Japan’s involvement in the Russian energy sector increased significantly, most notably with the purchase by a Japanese consortium of a 10% stake in Russia’s Arctic LNG-2 project. The Abe administration evidently hopes that these new investments will bring benefits, both in terms of energy economics, and as a means of furthering Prime Minister Shinzo Abe’s ambition to settle Japan’s territorial dispute with Russia. In both respects, the Japanese leadership risks disappointment.

Japan Back in Myanmar

Japanese Prime Minister Shinzo Abe’s late May to Myanmar (Burma) has highlighted the scale of Japan’s interests in the country. These not only include trade, investment, and economic cooperation, but also comprise national security themes. Myanmar is home to key natural resources, offers cheap labor and untapped markets, and is located at a strategic crossroads.