Posted on 04/03/2023 12:55:04 PM PDT by Its All Over Except ...
Tokyo: Japan has ditched the United States to purchase Russian crude oil above the $60-a-barrel cap, saying it needed it to ensure access to energy from Moscow.
The oil purchases by Japan represent a break in the US-led efforts to impose a global $60 per barrel cap on purchases of Russian oil. However, a report by The Wall Street Journal said Tokyo, which is Washington’s closest allies in Asia, got the US agree to the exception.
Most European nations stopped purchasing Russian oil in response to the invasion of Ukraine in February last year.
The G7 nations which include Japan and European Union and Australia, last year agreed to a $60 a barrel price cap on Russian seaborne crude oil to reduce Russia’s income from selling oil while preventing a surge in global prices.
The cap on price allowed non-EU nations to continue importing Russian crude oil but restricted shipping, insurance and re-insurance companies from handling cargoes of Russian crude around the globe, unless it is sold for below $60 a barrel.
On 30 September last year, the EU nations granted an exception to the $60 a barrel cap for oil purchase by Japan.
In the first two months of this year, Japan purchased nearly 748,000 barrels of Russian oil for 6.9 billion yen, that translates to $52 million, or slightly lower than $70 a barrel.
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(Excerpt) Read more at -firstpost-com.cdn.ampproject.org ...
Biden said ‘go ahead.’ It was on Fox News.
From January...
https://www.euractiv.com/section/energy/news/sakhalin-exception-the-russian-energy-japan-cant-quit/
The sanctions were always a joke.
So that means our silly buyer imposed price cap is a failure. So turns out you cannot impose a 20k price cap on Ford for new F-150 pickups.
Japan may not need our permission, but they do want it. Japan has developed a long-term commitment to their USA alliance.
Japan was and may be still receiving Alaskan Oil as oil is fungible. A casual look at geographical locations will underscore that. Beyond that, I would not put much concern about this. Russia and Japan never signed a peace treaty following WWII. Russia still wants its northern island. Lastly, Russia likes to quote history so they might like to review the 1907 war with Japan.
Japan I am sure is doing what they feel is in their best interests here. They are not our 51st state. Last, with the dollar declining and the nitwit in charge strangling our production, I am sure they need an alternate source.
The Japanese Prime Minister has made the most prudent decision, given the circumstances.
“Japan is a strong ally of the USA, and I don’t think they would do this without our permission.”
No, the fraudster, octogenarian, slobberbox in office commands less respect on the world stage than Putin.
Once the dollar is no longer the reserve currency, we will see how few friends in the world we truly have.
We are about to reap the whirlwind our traitorous politicians have sewn.
A strong ally and conducting their largest military build-up since WWII.
Yep, we are probably accepting of this action.
Thank goodness dementia joe is in charge!
NOBODY #)(K$ with a BIDEN!
They trust Russia more than President Retard the liar
There has to a limit on how much oil is under ground.
When used up what is the procedure then?
This is even worse than it looks-
The Russians, part of OPEC+ and some of their allies have pushed for cuts to production, which have happened.
So you have OPEC+ cutting production, while we talk about pulling Russian oil and gas from the markets with our sanctions.
We’ll see how well that genius plan works for us. Will anyone in the MSM with an IQ above 2 connect the dots with ever rising fuel/energy prices even here in the US?
Russia is no chump and what they sit on is essential for an industrial, information and transportation based economy.
Yes, we are bigger and more powerful in every respect when you look at us and our allies and them and their allies. But they are no Iraq where we can kick them in the balls and they can’t really punch us back. Russia can punch us back, and there is more to come.
Eventually they will arm proxies that want to do us harm, just like we did in Ukraine. That has a bit of a longer delay before it happens, but it will.
Likewise, our coercion to play along with these sanctions have caused for many to consider joining BRICS and divesting of the dollar which with our inflationary print and spend has basically reduced what folks have by 20% in just a matter of a year and half: https://ticdata.treasury.gov/Publish/mfh.txt Take a look at what has been happening over the last year.
Imagine you have 1,034 billion dollars (PRC) and suddenly it’s worth 20% less because some flaky government wants to spend more than they really have, wanna hold onto that in the future? You trust them?
But just remember folks, this is 100% something this administration started with this bright idea: https://www.reuters.com/world/europe/ukrainian-president-zelenskiy-holding-talks-with-biden-adviser-says-2021-12-09/ We made this bed.
French bakers are being hurt by high energy prices.
There’s a lot of financial pain for those making ‘pain’.
Good for Japan....as a US Citizen...I would also de-dollarize if I could! As I have no more faith in the longevity in our country!
what are they using to purchase?
Dollars
Rubles
Yaun
they dont need our permission anymore
the world is re-aligning.
there must be a way
Oh and they did not trade is USD. Meanwhile OPEC is breaking with the U.S.
Russia, China, India, OPEC, Brazil, South Africa all realize Biden is not legit. Hence, the rest of the world is breaking with the U.S.
FR neoconneds are saddened...
“ Japan is a strong ally of the USA, and I don’t think they would do this without our permission.”
Being a strong ally and friend to the USA means standing…and acting…in opposition to this United States government at all times.
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