Japan will embargo Russian crude oil without abandoning energy projects with Moscow

Japanese Prime Minister Fumio Kishida announced on Monday that his country will embargo imports of Russian crude oil while maintaining its interests in energy projects with Moscow to minimize the impact on your energy supply.

“For a country like Japanwhich depends heavily on energy imports, is a very difficult decision, but the coordination of the G7 is more important at a time like the present”Kishida told reporters from the Kantei, the official residence and office of the Japanese prime minister.

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The Japanese president’s announcement comes hours after participating in a telematic meeting with the leaders of the so-called Group of Seven (G7, made up of the United States, Germany, Canada, France, Italy, Japan and the United Kingdom), in which they reiterated their commitment to reduce energy dependence on Russia.

The powers, which were unable to reach an agreement to ban imports of Russian oil, promised to undertake a transition “timely” Y “tidy” with time for countries to find alternative supply routes.

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

Kishida stated that he will continue to work “tightly” with the G7 and the countries involved, including Ukraine, whose invasion by Russia has led to this and other sanctions, “in order to protect the international order.”

The prime minister did not offer a specific roadmap on the Russian crude embargo, which in 2021 represented around 3.6% of all these imports for Japanwhich gets most of the oil it consumes from the Middle East.

Despite the embargo, which is expected to be gradual, and with the aim of ensuring a stable supply at reasonable prices for the country in the long term and minimizing the impact on the population and commercial activity, Kishida said Japan It will maintain its participation in the energy projects it currently has with Russia, according to details published by the Japanese public broadcaster NHK.

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