Japan to slowly phase out Russian oil imports but keep interests in projects

Japan Today | May 9, 2022 at 11:48 AM
  • Japan will slowly phase out oil imports from Russia while maintaining its interests in oil and gas projects in the Russian Far East, Prime Minister Fumio Kishida said Monday.
  • Kishida made the remarks as the nation balances the need to alleviate cost of living pressures while reducing its reliance on Russia in response to its war in Ukraine.
  • The measure on oil imports marks a major shift for resource-poor Japan.