Japan refused to immediately impose an embargo of oil from Russia

Japan will not join the ban on the import of Russian oil, the government warned. Previously, oil was carried to Tokyofrom RUSSIA together with liquefied gas to resources,for which it is difficult to find another supplier

Japan will not ban the supply of Russian oil due to limited resources, but Tokyo supports the measures being introduced, Japanese Minister of Economy, Trade and Industry Koichi Hagiuda said at a press conference during a visit to the United States , Kyodo reports.

"Japan's resources are limited and it's hard to join [the oil embargo] right away," Hagiuda said.

At the same time, the minister noted that Tokyo intends to impose those sanctions that it can afford. Hagiuda added that Japan agreed on the need to increase production of liquefied natural gas to reduce dependence on supplies from Russia.

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The ministry previously compiled a list of hard-to-replace resources that the country imports from Russian suppliers. The list includes oil, liquefied natural gas, coal (including coking coal), palladium, ferroalloys for steel production, resources for the production of semiconductors. As of March, the department's report said, Japan depended on Russian oil exports by 3.6%, liquefied natural gas - by 8.8%, palladium - by 43%, ferrochromium - by 50%.

At the same time, the Japanese authorities clarified that in some cases it is possible to replace suppliers or use alternative materials in production. The total volume of imports in Tokyo was assessed as "small", saying that the refusal to purchase them in Russia would lead to minor consequences for the Japanese economy.

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The introduction of an oil embargo against Russia was announced in early May by the HEAD of the European Commission, Ursula von der Leyen. She pointed out that European countries intend to stop supplying crude oil within six months, and by the end of 2022, completely stop buying oil products from Russia. However, according to REUTERS, the EU ambassadors were unable to reach a consensus on the embargo, the discussion will continue on May 5.

A number of countries have already warned that they will not support the oil embargo against Russia. “Hungary will not vote for the new EU sanctions package in its current form,” Hungarian Foreign Minister Petr Szijjártó said. He indicated that Budapest does not want restrictions on the import of crude oil through pipelines. The country's prime minister's office added that such a measure would jeopardize energy security.

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