One of Japan's biggest trading conglomerates, with substantial investments in the global seafood industry, said Thursday it will not engage in any new Russia-related business and will negotiate terminations of existing transactions "wherever possible."

The company is also monitoring and strictly complying with all sanctions imposed on Russia by the Japanese government, it said.

"We are deeply concerned about the situation in Russia and Ukraine, and we are terribly saddened that numerous innocent civilians are having their safety threatened and being forced to endure extreme anxiety," said the group in a press release.