The Ministry of Foreign Affairs of Japan noted on February 6, 2023, that Japan supported the position of the European Union and imposed sanctions on Russian oil products in accordance with the decision of the G7 countries.
It is about limiting the price of oil from the Russian Federation in the amount of 100 and 45 dollars per barrel, depending on the type of oil products.
“The following measures will be implemented from February 6th:
-import ban on petroleum products originating in the Russian Federation that are traded at prices exceeding the ceiling price;
-prohibition on the provision of services related to the purchase of petroleum products transported by sea originating in the Russian Federation that are traded at prices exceeding the maximum price;” informed the Ministry of Foreign Affairs of Japan.
With its decision, Japan supported similar measures by the European Union. In particular, on February 4, the Council of the EU approved the price cap for petroleum products produced or exported by the Russian Federation. It entered into force on February 5, 2023.