In a major shift, Japan announced Monday it will join other Group of Seven member nations in phasing out Russian oil imports, but will remain involved with two Russian oil and liquefied natural gas (LNG) projects in Sakhalin.
“We will take steps to phase out (Russian oil imports) in a manner that minimizes adverse effects on people’s lives and business activities. But we plan to keep our interests (in the two Sakhalin LNG projects) unchanged,” Prime Minister Fumio Kishida told reporters following a virtual meeting of G7 leaders.
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