Top two refiners suspend purchase of Russian crude Russian coal imports plunge 60%, LNG imports hike 26% in June Japan’s Russian crude oil imports fell to zero in June, while its coal imports from Russia were also slashed, as the country commits to phasing out Russian oil and coal imports as part of the G7 pledge, according to the latest preliminary data from the Ministry of Finance. LNG imports from Russia, however, remained intact. “The government is not urging companies to refrain from purchasing [Russian] crude oil as it is up to oil companies to decide which crude oil to procure,” Minister of Economy, Trade and Industry Koichi Hagiuda told a press conference July 22. “We see it was a consequence of companies’ respective circumstances,” Hagiuda added. Japan’s Russian crude imports fell to zero […]