THE Japan he would face “difficulty” if he tried to follow Europe immediately and imposed it embargo in imports oil from the Russia because of her its invasion of Ukrainesaid today the Minister of Economy, Trade and Industry Koichi Hagyuda.
Mr. Hagiuda made this comment during visit of in Washington after European Commission announces yesterday it is proposing tougher sanctions package against Moscow to date, which includes a gradual embargo on oil – both crude and refined – imported by the EU from Russia, with a few exceptions.
The American president, Joe Bidenannounced that will discuss further sanctions against Russia with the rest of the G7 leaders within the week. However, Japan worries about embargo on Russian oil which it introduces into its economy.
“Since Japan has limits on (energy) reimgs, we would find it difficult to keep up with it immediately,” Hagiuda told reporters.
During a meeting with US Secretary of Commerce Gina Raimondo, Japan and the United States agreed on dimensions for semiconductor production, diversification of microprocessor supplies, increased transparency, urgent research and development of deficiencies, and .
“As the world is destabilized by the war in Ukraine“Coordination of homogenous states is becoming increasingly important” and yesterday ‘s talks were a “major move” to promote bilateral relations, the two sides said in a joint statement.
In a separate meeting with US Secretary of Energy Jennifer Granholm, Hagyuda called on Washington to increase liquefied natural gas (LNG) exports to the country inÏ…to help Tokyo reduce energy dependence on Russia.
Russia imported 4% of the oil, 9% of the natural gas and 11% of the coal imported by Japan during the financial year ending in March, according to the APE-MPE.
Source: News Beast
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