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/Russia: Tokyo May Skip Sanctions On Russian Coal

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

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.
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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.