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/Russia: Tokyo May Skip Sanctions On Russian Coal

JAPAN

Japan's government is considering foregoing sanctions on Russian coal imports, Mainichi reports citing unidentified sources. Such decision would set Tokyo at odds with the EU who is proposing to halt purchases of coal from Russia as Moscow continues its unprovoked invasion of Ukraine.

  • Mainichi sources noted that only 15% of coal imported by Japan comes from Russia and it would be possible to find alternative sources without much domestic impact. Japan's reluctance to move ahead with sanctions on Russian coal are reportedly linked to a worry about potential price increases that could stem from the exclusion of Russian products from the international market.
EM BulletFixed Income BulletsHomepageBank of Japan (BOJ) Market NewsPolitical RiskPolitical Risk BulletBulletMarketsEmerging Market NewsForeign Exchange Bullets
EM BulletFixed Income BulletsHomepageBank of Japan (BOJ) Market NewsPolitical RiskPolitical Risk BulletBulletMarketsEmerging Market NewsForeign Exchange Bullets

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