Moscow/Tokyo: While countries from the European continent are indicating to stop import of fuels from Russia, Japan has indicated to open fuel imports from Russia once again. Japan imports nearly 10% of its fuel requirements from Russia. Japanese companies even have stakes in the Russian oil companies in far eastern Russia. Despite this, Japan had imposed sanctions on Russian fuel imports succumbing to western pressure.
Moreover, Russia is one of the world’s leading oil producers and exporters. The country has a share of nearly 10% in the global oil market. China, Japan and the European countries are the major importers of Russian fuels. Japan also imposed sanctions against Russian fuels, given the Russia-Ukraine conflict, joining hands with the western countries.
But Japan has reversed its decision given the increasing fuel rates and inflation. 
Japan has said that the import of Russian fuels will be restarted soon. Japan did not import any fuels from Russia in June. This change becomes significant against this background. A few days ago, it was reported that the total fuel export from Russia to Japan had increased by 46%.
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