Japan to Phase Out Russian Oil - 09 mai 2022

Japanese Prime Minister Fumio Kishida plans to gradually phase out imports of Russian oil as he joined other Group of Seven leaders in stepping up pressure on President Vladimir Putin by pledging to halt crude imports from his country. The impact of the ban is likely to be limited, as the world’s third-largest economy imported only 3.6% of its crude oil from Russia in March, compared to 10.8% of its coal and 8.8% of its gas in 2021. Still, the move threatens to add to surging gasoline costs that have stoked inflationary fears ahead of an upper house of parliament election two months away. 

West Texas Intermediate traded near $110 a barrel after earlier losing as much as 1.7%. The U.S. and the U.K. have already moved to ban imports of Russian fuel in response to the assault, but the weekend pledge by the G-7 will increase the pressure on Moscow further.

https://finance.yahoo.com/news/ukraine-latest-many-feared-dead-064201440.html?.tsrc=fin-srch