- The U.S. and the UK banned imports of Russian crude and fuels soon after Russia’s invasion of Ukraine.
- The European members of the G7 are part of the EU, which greenlit an embargo on Russian oil and fuels, due to kick in later this year.
- Japan, however, will continue to receive Russian oil from Sakhalin-2 without capping its price because it is critical for its energy supply.
Russia Will Send More Oil To Asia After G7 Price Cap
