Japan plans to ban Russian oil imports
Japan is more dependent on Russian natural gas than Russian oil.
the premier of Japan said on Monday, the 9th, that it will gradually eliminate and eventually ban the import of russian oil, reversing its previous position after a meeting of the leaders of the G-7. “Japan depends on imports for most of its energy resources, so this is a very difficult decision, but now the unity of the G-7 is more important than anything else,” Prime Minister Fumio Kishida said. “We decided in principle to ban Russian oil imports.”
Kishida participated in a video conference of leaders of the G-7 countries on Sunday (8) to discuss sanctions on Russia and other issues related to Ukraine. The Asian country has not yet decided how quickly it will phase out purchases or when a full ban will take effect, Kishida said.
Japan depends more on Russian natural gas than on Moscow oil. Kishida said the planned import ban applies, for now, only to oil because natural gas was not specifically mentioned in the G-7 statement, but suggested that energy imports could be further reduced if the G-7 did so. demand it.