Japan agreed to an oil embargo against Russia/Channel 24 Collage
The Prime Minister of Japan announced that his country will introduce an oil embargo against Russia. It seems that Japan approved such a decision under pressure from the G7 countries.
The decision was difficult, – Kishida
Japanese Prime Minister Fumio Kishida announced the refusal of the aggressor state's oil. He said this on Sunday, May 8.
Kishida noted that the embargo will be introduced as part of the G7 decision to counter Russia's invasion of Ukraine.
Unity G7 is extremely important. On the basis of the G7 leaders' statement, we have decided to take action for a principled embargo on Russian oil. – stressed the prime minister.
According to him, such a decision for Japan was “difficult”. Because the country “relies on imports for most of its energy resources”.
Kishida did not indicate the terms of the embargo on Russian oil imports.
What preceded this
Earlier, Japan said that they were joining many sanctions against Russia, but they could not impose an embargo. They say that the country will face “difficulties” if it immediately refuses oil.
Let's note that in fact Japan is not very dependent on Russian energy resources. After all, imports from Moscow account for only 4% of Japan's total oil imports for the last fiscal year until March.
G7 decided to gradually stop oil imports from Russia
Following the meeting of the leaders of the G7 countries A statement was released on the White House website. It said that the states had pledged to stop importing oil from Russia. “This will hit hard on the main artery of Putin's economy and deprive him of the income needed to finance the war,” the politicians stressed.
The countries have 6 months to completely abandon Russian oil. At the same time, they must stop importing oil products by the end of 2022.
