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Kremlin: Japan Taking Very Unfriendly Position Towards Russia

RUSSIA

Wires carrying comments from the Kremlin stating that Japan is taking 'a very unfriendly position' towards Russia.

  • Says that this unfriendly position 'does not facilitate developing ties in trade and economy, including in the energy sector'.
  • While Tokyo remains committed to supporting western sanctions on Russia at present, there is likely to be growing concern about the continued supply of LNG to Japan, which relies heavily on imported Russian hydrocarbons for its energy mix.
  • Yesterday, the Kremlin stated that there were no presidential plans for changing LNG contracts to be paid in roubles, as has been the case for pipeline gas to Europe. However, this situation could change swiftly if the Kremlin were so inclined.

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