US Considers Ban On Russian Oil Imports

US Considers Ban On Russian Oil Imports
Japan in talks with US, Europe over banning Russian oil imports
Japan, which counts Russia as its fifth-biggest supplier of crude oil, is in discussion with the United States and European countries about possibly banning Russian oil imports, Kyodo News reported.

The report comes after US Secretary of State Antony Blinken said on Sunday the United States and European allies were exploring the possibility.

Asked about a potential embargo on Russian oil imports, Japanese Chief Cabinet Secretary Hirokazu Matsuno declined to comment on the country’s communication with the United States. Russia accounted for 3.63 percent of Japan’s imports of crude oil last year.

While sanctions imposed on Russia are not expected to directly affect Japan’s ability to ensure a stable supply of liquefied natural gas (LNG), they could indirectly affect energy-related projects, Industry Minister Koichi Hagiuda said.