Japan to slowly phase out Russian oil, keep interests in projects

Japan will slowly phase out oil imports from Russia while maintaining its interests in oil and gas projects in the Russian Far East, Prime Minister Fumio Kishida said Monday.Kishida made the remarks as the nation balances the need to alleviate cost of living pressures while reducing its reliance on Russia in response to its war in Ukraine.The premier told a virtual meeting of leaders of the Group of Seven nations earlier in the day that Japan will ban Russian oil imports "in principle" as part of additional sanctions levied on Moscow to punish it for its war launched in late February."This …READ FULL ARTICLE