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/RUSSIA: Japan Mulls Restrictions On Russian Coal Imports But Won't Exit Oil & LNG Projects

JAPAN
EM BulletFixed IncomePolitical RiskPolitical Risk BulletBulletMarketsEmerging MarketsForeign ExchangeBank of Japan (BOJ) Market News

Japan's government considers energy sanctions on Russia, Jiji Press reports. According to unidentified sources, punitive measures could involve restrictions on the imports of Russian coal, even as recent press reports suggested that Tokyo was leaning against them amid concerns over the impact on international markets.

  • In a separate report, the Nikkei cited Tokyo Gas CEO as noting that the Sakhalin-2 project is needed for stable supply of energy. This echoes last week's comments from Japan's Trade Minister Hagiuda, who said Tokyo "does not intend to withdraw" from oil and LNG development projects with Russia amid concerns over energy security.
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Japan's government considers energy sanctions on Russia, Jiji Press reports. According to unidentified sources, punitive measures could involve restrictions on the imports of Russian coal, even as recent press reports suggested that Tokyo was leaning against them amid concerns over the impact on international markets.

  • In a separate report, the Nikkei cited Tokyo Gas CEO as noting that the Sakhalin-2 project is needed for stable supply of energy. This echoes last week's comments from Japan's Trade Minister Hagiuda, who said Tokyo "does not intend to withdraw" from oil and LNG development projects with Russia amid concerns over energy security.