Minister of Economy, Trade and Industry Nishimura expressed his intention to cooperate with the international community while taking all possible measures to ensure a stable supply of energy regarding the new sanctions that set a ceiling price on the trading of Russian crude oil.
Regarding Russian crude oil, the G7 (7 major countries), the EU (European Union), and Australia will start applying new sanctions on the 5th of this month, setting the price limit for international transactions at $60 per barrel. I'm here.
Regarding this, Minister of Economy, Trade and Industry Nishimura said at a press conference after the cabinet meeting on the 6th, "Based on the purpose of stabilizing the international market while reducing Russia's crude oil revenues, as a result of detailed consideration by the countries concerned, It's an agreed price," he said.
In addition, regarding the effect of the sanctions, he said, "Even in countries that do not directly introduce these measures, we expect that they will have the effect of lowering the price of Russian crude oil, which will lead to restrictions on Russia's income." reaffirmed its intention to cooperate with the international community while taking all possible measures to ensure a stable supply of energy.