Nihon Keizai writes that Japan will pay a high price for giving up on Russian oil
MOSCOW, November 26 – RIA Novosti. anti-russian Sanctions have a heavy impact on Japanese businesses and consumers, writes Nihon Keizai.
As noted in the publication, the population will have to pay a high price for the rejection of Russian fuel.
“Now Tokyo’s reliance on black gold from the Middle East will increase, which will increase supply risks if something happens to these oil-exporting countries and there will be no Russian products,” the publication says.
In addition, the publication warns that the cost of oil imports will increase if there is no supply from Russia.
“Freight rates for tankers will increase as more black gold will be transported long distances by sea,” Naohiro Niimura, co-head of Market Risk Advisory, quoted Nihon Keizai.
In addition, it is stated in the article that the industry is also facing serious tests.
“48 percent of the coal used for electricity generation and generation in Japan (as of 2021) depended on Moscow. Businesses do not enter into new contracts, they switch to Australian coal and other sources, but this does not just affect the price. Australian resources as well as logistics,” he stressed. .
Following the start of Russia’s special military operation in Ukraine, Western countries increased sanctions pressure on Moscow, but this led to an increase in fuel prices and record inflation in the West. As Vladimir Putin stated, the policy of controlling and weakening Russia is a long-term strategy for the United States and its allies, but the sanctions have dealt a serious blow to the entire global economy. The President of Russia called the main goal of the West to worsen the lives of millions of people.
Source: Ria
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