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Japan will take time to ban Russian oil imports, PM Kishida says

By Ishika Dangayach - May 09, 2022, 08:32 AM ET
Last Updated - Feb 26, 2024, 02:13 PM EST
natural_gas
Russia is Japan's fifth-largest crude oil and liquefied natural gas supplier

Russia is Japan's fifth-largest crude oil and liquefied natural gas supplier

Prime Minister Fumio Kishida said on Monday that Japan will take time to phase out Russian oil imports after agreeing to an embargo with the other G7 nations to protest Moscow's invasion of Ukraine. 

He made the statement during a G7 leaders' online conference on Sunday.

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“For a country heavily dependent on energy imports, it’s a very difficult decision. But G7 coordination is most important at a time like now,” Kishida said, according to a statement released by the Japanese government.

Russia is Japan's fifth-largest crude oil and liquefied natural gas supplier.

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