Japan reveals list of hard-to-substitute goods imported from Russia

Japan reveals list of hard-to-substitute goods imported from Russia

Japan’s ministry of economy, trade and industry on Thursday revealed a list of goods imported from Russia that can hardly be substituted in the short-range perspective.

List includes seven commodities: oil, coal, liquefied natural gas and gas used to manufacture semiconductors, palladium, ferrous alloys for the production of stainless steel.

According to the ministry, Japan’s dependence on imports of these goods from Russia is very high. In this connection, it called on other exporting countries to expand corresponding production.

Thus, Russia accounts for 3.6% of Japan’s oil imports, for 8.8. percent of liquefied natural gas imports, and 43% of palladium imports.

On February 24, Russian President Vladimir Putin announced a special military operation in response to a request for help by the heads of the Donbass republics. He stressed that Moscow had no plans of occupying Ukrainian territories, but aimed to demilitarize and denazify the country.

Following this step, the United States, the European Union, the United Kingdom and several other countries announced sanctions against Russia individuals and legal entities.

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