Research Reports

Prime Minister Kishida announces embargo on Russian crude oil in principle G7 holds video conference

A video conference was held by the leaders of the seven major countries (G7) from midnight on the 9th of Japan time, and Prime Minister Fumio Kishida announced that he would ban Russian crude oil in principle.

The video conference was held for about 1 hour and 10 minutes, and Ukrainian President Zelensky also participated.

Prime Minister Kishida said, “Russia’s invasion of Ukraine is an act that shakes the foundation of the international order including not only Europe but also Asia, and when the G7 unity that shares universal values ​​at the crossroads of history is required. There is no such thing. ”

Introducing that Japan announced on May 5 additional sanctions such as the asset freeze of 140 people and a ban on exports to Russian military-related organizations, the G7 will continue to unite and strengthen its response. He pointed out the importance of doing so.

On top of that, the Prime Minister said, “For Japan, which relies on imports for the major energy resources for oil, it is a very tough decision, but the G7 unity is the most important time, and based on this G7 leaders’ statement, We will take measures to embargo Russian oil in principle. ”

In addition, “While clearly disseminating that the invasion of Russia is the cause of the turmoil in the world economy, it is necessary to cooperate and respond to the challenges in the food and energy fields faced by vulnerable countries. It’s important.”

Donald Castillo

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