Kremlin slams Japan's 'unfriendly' stance amid G7 oil price cap talk

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The Kremlin criticised Japan on Wednesday (Jul 6) over what it called a 'very unfriendly position' towards Russia, saying this hampered the development of economic relations, including in energy. Japan has joined other members of the Group of Seven (G7) rich democracies in imposing

The Kremlin criticised Japan on Wednesday over what it called a"very unfriendly position" towards Russia, saying this hampered the development of economic relations, including in energy.sweeping economic sanctions on RussiaMoscow has also been annoyed by G7 plans to cap Russian oil prices and has taken aim at Japan over comments made by Prime Minister Fumio Kishida over the weekend in which he disclosed for the first time the size of any cap.

Speaking to reporters on Wednesday, Kremlin spokesman Dmitry Peskov said:"Japan is taking a very unfriendly position towards Russia. In any case, such an unfriendly stance does not help to facilitate relations on trade and the economy, including the energy dialogue. The cap scheme was first mooted last month by US Treasury Secretary Janet Yellen as part of a campaign to increase pressure on Moscow to end its invasion of Ukraine. The shape of the final deal and price level have yet to be announced.

Medvedev also said Japan"would have neither oil nor gas from Russia, as well as no participation in the Sakhalin-2 LNG project" as a result, pressuring the shares of Mitsui & Co and Mitsubishi Corp, which are shareholders in the project.

 

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