Japan’s Idemitsu Kosan suspends new Russian crude oil trades

Japan’s second largest refiner Idemitsu Kosan has decided to suspend new Russian crude oil trades for imports amid uncertainty over payment and logistics disruptions, a company spokesperson told S&P Global Commodity Insights March 23. “We have decided to suspend new trades for Russian crude oil imports amid uncertainty over payment settlements and possibilities of logistics disruption,” the spokesperson said. Idemitsu’s…