Japan cut its Russian crude oil price cap to $47.60/barrel, matching the EU, while imposing new sanctions. The lower cap is expected to have no impact on procurement due to Sakhalin-2 project exemptions. Russia is 0.1% of Japan’s crude imports.

Japan cut its Russian crude oil price cap to $47.60/barrel, matching the EU, while imposing new sanctions. The lower cap is expected to have no impact on procurement due to Sakhalin-2 project exemptions. Russia is 0.1% of Japan’s crude imports.

Japan cut its Russian crude oil price cap to $47.60/barrel, matching the EU, while imposing new sanctions. The lower cap is expected to have no impact on procurement due to Sakhalin-2 project exemptions. Russia is 0.1% of Japan's crude imports.
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