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Energy

Japan faces dilemma in Sakhalin as G-7 vows to quit Russian crude

Continued stakes in pivotal oil and gas projects highlight Tokyo's energy woes

A liquefied natural gas plant in Sakhalin. Japan's investments in development projects on the island were aimed at diversifying the nation's energy procurement.     © Reuters

TOKYO -- Japan will in principle ban oil imports from Russia but retain its interests in two Sakhalin oil and gas development projects, a contradictory decision that runs counter to the West's goal of depriving Moscow of funds to finance its war in Ukraine.

"We will take steps to phase out imports in a way that minimizes the adverse impact," Prime Minister Fumio Kishida told reporters Monday, adding that "the unity of the G-7 is most important." But the prime minister did not elaborate on a timeline or specific steps toward weaning Japan off Russian oil.

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