Japan has begun purchasing Russian crude oil above the $60-a-barrel cap, breaking with western allies thanks to an exception authorized by the United States.
As many European nations weaned themselves off Russian oil in response to the invasion of Ukraine, Japan stepped up its purchase of Russian natural gas.
Japan has almost none of its own fossil fuels, heavily relying on imports for much of its energy needs. Some analysts believe this dependency heavily influenced Japan’s hesitancy to fully back Ukraine against Russia.
To date, Japan is the only Group of Seven members to supply Ukraine with lethal weapons.
Despite the concession, Russian natural-gas imports to Japan are relatively small, accounting for around one-tenth of Japan’s supply and a fraction of Russia’s output, The Wall Journal reports.
Most of what Russia imports to Japan comes from the Sakhalin-2 project in Russia’s Far East.
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