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Japan will take time to phase out Russian oil imports after agreeing on a ban with other Group of Seven (G7) nations to counter Moscow’s invasion of Ukraine, Prime Minister Fumio Kishida said on Monday.

Japanese Prime Minister Fumio Kishida attends a Q&A round after delivering a speech at the Guildhall in London, Britain May 5, 2022.Japanese Prime Minister Fumio Kishida attends a Q&A round after delivering a speech at the Guildhall in London, Britain May 5, 2022.

“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 told reporters, repeating comments he made at the G7 meeting.oil imports, we will consider it while gauging the actual situation,” he said. “We will take our time to take steps towards a phase-out.”

The Ukraine crisis has highlighted Japan’s energy dependence on Russia even as Tokyo has acted swiftly and in tandem with the G7 in instituting sanctions. Still, Japan’s biggest oil refiner, Eneos Holdings Inc, has already stopped buying Russian crude, saying it would get supplies from the Middle East.

 

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