Japan would face 'difficulty' to immediately follow a move to cut off Russian oil imports over the invasion of Ukraine, its minister of economy, trade, and industry Koichi Hagiuda said on Thursday.
Japan's Koichi Hagiuda speaks at a news conference in Tokyo, Japan, September 16, 2020. REUTERS/Kim Kyung-Hoon/FilesTOKYO, May 5 - Japan would face "difficulty" to immediately follow a move to cut off Russian oil imports over the invasion of Ukraine, its minister of economy, trade, and industry Koichi Hagiuda said on Thursday.
U.S. President Joe Biden said he would discuss further sanctions against Russia with other leaders from the Group of Seven advanced economies this week, which could pressure Japan which is wary of the impact of the oil embargo."Given Japan has its limit on resources, we would face some difficulty to keep in step immediately" with other countries, Hagiuda told reporters.
"As the world is destabilising after the war in Ukraine, coordination with like-minded countries is becoming more and more important. talks served as a major step towards advancing the Japan-U.S. relationship." Russia oil imports accounted for 4% of Japan's overall oil imports for the last fiscal year to March. Natural gas from Moscow made up 9% of Tokyo's imports and Russia coal imports accounted for 11%.
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