Japan weighs steps for EU’s ban on insurance for Russia oil shipping
Japan will consider measures for the EU’s imposition of its ban on insuring and financing seaborne transport of Russian oil to third countries because it will make it difficult to maintain its imports of Russian crude oil, a Japanese government source told S&P Global Commodity Insights on June 7. “We are scrutinizing the impact for the energy security, and if there is any impact, we will consider measures,” the source said, adding that the country’s pledged phase-out of Russian oil imports will be gradual while ensure its energy security. The ...
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