Japan has been buying Russian oil beneath the western-imposed price cap of $60 a barrel, though Russian-sourced imports remain relatively small.
Former U.S. Ambassador to NATO Kurt Volker breaks down the latest news emerging from Russia's war, while highlighting the importance of providing military aid to Ukraine.above the $60-a-barrel cap, breaking with western allies thanks to an exception authorized by the United States. weaned themselves off Russian oil in response to the invasion of Ukraine, Japan stepped up its purchase of Russian natural gas.
The vessel ANSHUN II with"Yokohama" fenders prepared and pipelines connected to receive another tanker and transfer Russian crude oil, 20 miles off Ceuta, on March 5, 2023, in Ceuta, Spain. Japan has almost none of its own fossil fuels, heavily relying on imports for much of its energy needs. Some analysts believe this dependency heavily influenced Japan’s hesitancy to fully back Ukraine against Russia. To date, Japan is the only Group of Seven members to supply Ukraine with lethal weapons.
Despite the concession, Russian natural-gas imports to Japan are relatively small, accounting for around one-tenth of Japan’s supply and a fraction of Russia’s output,
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