Economics

Japan began to buy Russian oil again

Although importing Russian fuel to Japan was brought to zero in June, it resumed a month later. During the year, the volume of purchase decreased by 65%. In July, Japan restored oil imports from the Russian Federation, although it was completely stopped in June. However, compared to July 2021, the supply of Russian raw materials decreased by 65%. This is evidenced by the data of the Ministry of Finance of Japan.

The department reported that the volume of oil supply from Russia in January-July decreased by almost 22%. There is also a reduction in the import of other raw materials from the Russian Federation - liquefied natural gas (by 26. 1%in annual dimension), coal (by 40. 1%), ore (by 84. 9%), cereals (73. 1%), vegetables (60. 6%). At the same time, Japan began to buy more fish and fish products in Russia - 21. 7% compared to July last year.

The Ministry of Finance also show that the export of cars from Japan to Russia in July 2022 decreased by 21. 5 percent, and spare parts to them - by 70. 2 percent. In monetary terms, imports from Russia to Japan increased by 31% to $ 1. 3 billion, and exports decreased by 49. 5%, to $ 303 million. The supply of mineral fuel from Russia in value expression increased by 45. 1% due to the increase in energy prices.

We will remind, in May, against the background of the full -scale war of the Russian Federation against Ukraine, the Government of Japan imposed sanctions on more than 70 companies and 100 Russians, including Russian Government Mikhail Mishustin, the daughters of Russian President Vladimir Putin and relatives of Oligarch Gennady Timchenko.

In the same month, the Japanese authorities banned the export of high-tech goods to the territory of the aggressor state, and in April announced its intention to gradually abandon the purchase of Russian coal. From June 17, Japan has banned the import of trucks, dump trucks, as well as other equipment and equipment. Earlier, journalists reported that oil importers from Southern Europe actively buy Russian oil Urals 4 months before the oil embargo.