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Kremlin blames Japan's "unfriendly" stance in oil price cap negotiations

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Reuters

Reuters

Moscow-The Kremlin criticized Japan on Wednesday for what is called a "very unfriendly position" against Russia, saying it hindered the development of economic relations, including energy.

Japan has joined the Western allies by slapping widespread economic sanctions on Russia over its actions in Ukraine. Moscow is also plagued by reports that Japan's Prime Minister Fumio Kishida has proposed limiting Russia's oil prices to about half of what it is today.

"Japan is in a very unfriendly position with Russia. In any case, such an unfriendly attitude is trade and economy, including energy dialogue. It doesn't help promote the relationship, "Kremlin spokesman Dmitry Peskov told reporters.

"We discussed Mr. Kishida's proposal yesterday, but this was just an announced initiative and no integrated decision was made," Peskoff said. "Frankly, it is doubtful that such a decision will be made."

Regarding Fumio Kishida's reported comments, former Russian President Dmitry Medvedev said on Tuesday that the price cap was capped. If the proposal is implemented, it warned that global oil prices could exceed $ 300 to $ 400 per barrel.

Medvejev also said that as a result Japan "has no oil or gas from Russia and will not participate in the Sakhalin 2 LNG project", putting pressure on the shares of Mitsui&Co and Mitsubishi Corporation. I called.

The idea of ​​capping Russia's oil purchase price was first expressed by US Treasury Secretary Janet Yellen last month, later discussed by G7 countries, and the final agreement and cap levels are still announced. Not. (Report by Reuters, edited by Gareth Jones)