Japan asks EU to ‘avert impact’ of Russian shipping insurance ban on Sakhalin oil

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Japan’s Ministry of Economy, Trade and Industry has requested the EU to “avert the impact” on Sakhalin equity oil liftings from the EU’s ban on insuring and financing seaborne transport of Russian oil to third countries, a METI source told S&P Global Commodity Insights June 22. The METI confirmation came after Petroleum Association of Japan Senior Managing Director Shinya Okuda…