Japan resumes oil purchases from Russia - Economic Times

8/17/2022 12:00:00 AM2 years 8 months ago
by Dipanjan Roy Chaudhury
by Dipanjan Roy Chaudhury
In May, Japanese Minister of Economy, Trade and Industry Koichi Hagiuda assured that Tokyo would gradually reduce its dependence on Russian energy resources, but said it could not give up Russian oil immediately.
Japan resumed its purchases of Russian oil in July, according to information released on Wednesday by the country's Finance Ministry. In June, imports fell to zero as local refiners started to phase… [+1078 chars]
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