The G7 nations which include Japan and European Union and Australia, last year agreed to a $60 a barrel price cap on Russian seaborne crude oil
A crude oil tanker anchored near the port city of Nakhodka, Russia. FILE/Reuters.
Tokyo: Japan has ditched the United States to purchase Russian crude oil above the $60-a-barrel cap, saying it needed it to ensure access to energy from Moscow.
The oil purchases by Japan represent a break in the US-led efforts to impose a global $60 per barrel cap on purchases of Russian oil. However, a report by The Wall Street Journal said Tokyo, which is Washington’s closest allies in Asia, got the US agree to the exception.
Read more here: https://www.firstpost.com/world/japan-breaks-ranks-with-us-eu-to-start-buying-russian-crude-oil-12398062.html
