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Energy

Japan's Idemitsu and Eneos halt Russian oil imports

Oil majors pull back due to logistical, payment concerns, consumer pressure

Eneos Holdings and Idemitsu Kosan will halt Russian crude oil imports after the fulfilment of current contracts. (Source photos by Reuters and screenshot from Idemitsu's website) 

TOKYO -- Japan's top oil refiners Eneos Holdings and Idemitsu Kosan are halting Russian crude oil imports after the fulfillment of current contracts, as sanctions on Russia have made it hard to conduct business and also as companies come under pressure to boycott the country.

Idemitsu said it would cease to buy Russian crude oil due to "concerns about logistics and payment disruptions," the company's spokesperson told Nikkei Asia.

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