Will Japan Do Away With Russian Oil Imports Completely?

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The Asian country which had not taken sides till now, is finally doing so. Japan has now said that it intends to phase the country out of using Russian oil, in a bid to join hands with the G7 nations in their fight against Russia’s war with Ukraine.

The humanitarian crises have not been taken very well by anyone in the West. Literally every nation has protested against the humanitarian disaster created by Kremlin in Ukraine and its various cities. The devastation is horrid.

On the weekend, leaders from the G-7 countries met online and announced their commitment to ban or phase out Russian oil imports in their latest effort to pressure Moscow into ending its aggression on Ukraine. “It’s an extremely difficult decision for a country that mostly relies on energy imports, including oil,” the Japanese PM Fumio Kishida told reporters the next day.

Adding on to his conversation, he said, “G-7 unity is most important right now.”  Kishida said it will be a gradual and slow process of phasing out Russian oil imports and that details and timeline will be decided later as the process requires securing alternative energy sources. Not too significant, but about 4% of Japanese oil imports come from Russia.

Japan has also announced phasing out Russian coal imports. However, it has also been made clear that Japan will not ban imports from its own stakes in oil and natural gas projects in Russia, including those in Sakhalin, Kishida said. 

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