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Japan will impose sanctions on Russian crude, but will keep energy projects with Moscow

japanese prime minister, fumio kishidaannounced that its country would impose sanctions on Russia’s crude oil imports, while maintaining its interests…

By admin , in news , at May 9, 2022


japanese prime minister, fumio kishidaannounced that its country would impose sanctions on Russia’s crude oil imports, while maintaining its interests in energy projects with Moscow to reduce the impact on its energy supply.

“For a country like Japan, which is heavily dependent on energy imports, this is a very difficult decision, but at such times the coordination of the G7 is more important,” Kishida told reporters. kanteiThe office and official residence of the Japanese Prime Minister.

group of seven

The Japanese president’s announcement comes hours after he attended a telematic meeting with leaders of the so-called group of seven (The G7, made up of the United States, Germany, Canada, France, Italy, Japan and the United Kingdom), in which he reiterated his commitment to reducing energy dependence on Russia.

powers, which were unable to reach an agreement to ban the import of Russian oilPledged to begin a transition over time in a “timely” and “orderly” manner for countries to find alternative supply routes.

“Based on the statement of the G7 leaders, we have decided to take action Seize it Russian oil in principle,” the president added to his profile on the social network Twitter.

Kishida stated that he would continue to work “closely” with the countries involved, including the G7 and Ukraine, whose aggression has affected him. Russia As a result of this and other sanctions, “in order to protect the international order.”

roadmap

The prime minister did not offer a concrete roadmap on sanctions on Russian crude, which in 2021 represents about 3.6% of all these imports, for Japan, which consumes most of the oil. Middle East,

Despite the ban, which is expected to be gradual, and with the aim of ensuring a stable supply at a fair price to the country in the long term and minimizing the impact on population and commercial activity, Self According to details published by Japanese public broadcaster NHK, he said that Japan will currently maintain its participation in energy projects with Russia.