Japan was afraid of what Russia could do: “The economy will not survive”
The Japanese authorities were frightened that Russia might make a big response to the new sanctions steps that the countries of the seven agreed upon. The Chinese from the Land of the Rising Sun believe that this could be a very noticeable blow to their economy, which is already one of the worst places, according to PRIMPRESS.
According to the Kyodo agency, we are talking about a ceiling on oil prices, which has already been agreed in the G7 countries, as well as in Australia. Representatives of these countries have recommended a ceiling on oil prices, which will start from Russia in other markets, at $60.
It is expected that these new rules will come into force in the near future. However, the parties to this agreement are already expressing doubts about its balance. Thus, Japan revealed its first serious concerns.
According to experts, the Land of the Rising Sun was afraid of what Russia could do after the price increased due to such a spirit. Russia, according to experts, may reduce oil exports to countries that have joined the sanctions. And this happened to the fact that the prices for “black gold” jumped up sharply against the background of the fact that demand and supply will strongly diverge.
Experts believe that the Japanese economy may not withstand such a blow. Because the state of the country’s financial system is a very strong pressure on the world balance. Therefore, the risk for Japan itself in this situation is simply enormous.