Japan, US to Coordinate in Setting Caps on Russian Oil Prices: Official

Japan, US to Coordinate in Setting Caps on Russian Oil Prices: Official
Japan's Prime Minister Fumio Kishida on the first day of the three-day G-7 summit at Schloss Elmau, Germany on June 26, 2022. Sean Gallup/Pool/Getty Images
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Japan has agreed to coordinate with the United States in setting a price cap on Russian oil exports to pressure Moscow to halt its aggression against Ukraine, according to a Japanese official.

Japan’s Prime Minister Fumio Kishida met with U.S. President Joe Biden on the sidelines of the Group of Seven (G-7) summit on June 26 and agreed on the importance of setting a price cap on Russian oil, The Asahi Shimbun reported, citing an unnamed official.