Japan resumed oil imports from Russia in July
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Japan started importing oil from Russia again in July. Import of raw materials in June was brought down to zero.
The volume of oil purchases decreased by 65% by July 2021, follows from data Ministry of Finance of Japan. In January-July, the indicator decreased by 21.7%. The volume of supplies of liquefied natural gas decreased by 26.1% by July 2021. The supply of coal (40.1%), ore (84.9%), grain (73.1%), vegetables (60.6%) also decreased. Imports of fish and fish products increased by 21.7%.
Overall, imports from Russia rose to 174 billion yen ($1.3 billion), up 31%. Exports fell 49.5% to 40.7 billion yen ($303 million). In value terms, imports of mineral fuels to Japan increased by 45.1% overall on the back of higher energy prices.
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