Hold off investments: company postponing future planned investment/development/marketing while continuing substantive business

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Sumitomo Mitsui Financial Group is a large Japanese banking corporation.

Hold off investments: company postponing future planned investment/development/marketing while continuing substantive business

Stay Pausing Investments
Glob.Revenue, mln.USD
26041
Capital(RF), mln.USD
214
Assets(RF), mln.USD
1333
The Company Statement
December 23, 2022

Continue operations with local staff. Aeroflot offered the lessor SMBC to buy out 17 leased aircraft for $644 million. The company also received an offer to “discuss potential solutions” from S7 and NordStar. Also, Japanese companies Tokio Marine & Nichido Fire Insurance, Sompo Japan Insurance and Mitsui Sumitomo Insurance will stop war risk insurance for ships passing through Russian waters from January 1, 2023.

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Statements Archive
December 15, 2023
January 24, 2023Japanese insurers will stop covering damage to ships in Russian waters
December 24, 2022Japanese insurers to halt ship insurance for all of Russia
November 16, 2022Ukraine, Russia plane and ship insurance at risk from Jan 1 -sources
June 27, 2022Banks of Japan refuse operations with Sberbank of the Russian Federation
March 11, 2022Japanese Megabanks Join SBI Holdings to Pull Staff Out of Russia
Major Japan banks to halt dollar transactions with Russia
Demand to Leave Russia:Petition text has been copied to the clipboard.
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