Prime Minister Fumio Kishida said he would take steps to phase out Russia’s oil imports in parallel with a seven-country group campaign against Russia’s invasion of Ukraine.
However, Fumio Kishida said Japan’s plans to maintain its stake in Russia’s oil and gas projects have not changed, according to reporters. Kyodo News..
“We will take steps to phase out in a way that minimizes the negative impact on us. [Japanese] People’s lives and business activities, but our plans to maintain our interests [in the projects] It doesn’t change, “he told reporters.
Following a virtual meeting with G7 leaders on Sunday, Kishida said: twitter Japan said, “In principle, we will take Russia’s oil embargo.”
His remarks follow the G7 leaders’ pledge to ban or phase out Russia’s dependence on oil “in a way that provides time for the world to secure alternative supplies.”
“We will take steps to ban or otherwise prevent the provision of major services that Russia depends on, which will strengthen the isolation of Russia’s economy across all sectors. “. Joint statement.
Kishida too publication New sanctions against Russia at a press conference in London on May 5 include freezing the assets of more than 140 individuals and banning exports of 70 additional military-related organizations.
The country also bans the export of cutting-edge commodities such as quantum computers to Russia.
“We will continue to work with the respective G7 leaders to impose strict sanctions on Russia and further support Ukraine in many ways in the future,” he said.
Russia is Japan’s fifth largest supplier of liquefied natural gas (LNG). Russia’s Sakhalin 2 oil and gas project is one of Japan’s major sources of LNG, with an annual production capacity of 9.6 million tonnes.
Fumio Kishida said on March 23 that Japan would not withdraw from the project because it is “very important” to Japan’s energy security. Japan’s Mitsui and Mitsubishi hold 12.5% and 10.5% shares in the Sakhalin 2 project, respectively.
Meanwhile, Russia has banned 63 Japanese, including Fumio Kishida and Foreign Minister Yoshimasa Hayashi, from entering the country in retaliation for Tokyo’s series of disciplinary measures against the invasion of Ukraine.
Fumio Kishida told reporters in Rome that Russia’s immigration ban on Japanese authorities was “absolutely unacceptable” because it was Russia that caused the conflict in Ukraine and caused the current political situation.
Russia has also put Japan on the list of “unfriendly countries” and suspended peace treaty negotiations, which Japan has strongly condemned.
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Aldgra Fredly is a Malaysia-based freelance writer featuring the Epoch Times Asia Pacific News.