The Japanese Government said this move was was done to protect Japan’s energy security, after the G7 agreed to set a price cap on Russian crude oil of 60 USD per barrel on December 2.
The G7, the EU, and Australia have all set a price cap on Russian seaborne oil of 60 USD per barrel.
Kremlin spokesman Dmitry Peskov said the price cap will destabilize global energy markets and Russia is now preparing a response.
