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Japan: US decision on Iranian oil will affect our economy
09:27 - 23/04/2019
BAGHDAD (Reuters
) - Japan's economy minister, Hiroshioge Seko, said Tuesday that the US decision to stop exceptions to its sanctions on Iranian oil importers would have little impact on the Japanese market.
"We want to have an exchange of views with Japanese companies and discuss the necessary response procedures," Kyodo quoted the minister as saying at a news conference.
He added that the share of Iranian oil in the total import volume (Japan) fell to 3%, which means that the impact of the US decision on the fuel market within Japan will be limited.
In May 2018, the United States announced its withdrawal from the nuclear deal with Iran and the resumption of all sanctions imposed on it, including sanctions on cooperating countries. Washington has announced that its work is aimed at reducing the volume of Iranian oil exports to zero.
The White House announced on Monday that US President Donald Trump had decided not to extend the exemptions granted to some countries (China, India, Italy, Greece, Japan, South Korea and Turkey), which allowed these countries to import Iranian oil for six months ending on May 2 . Ending / 25
) - Japan's economy minister, Hiroshioge Seko, said Tuesday that the US decision to stop exceptions to its sanctions on Iranian oil importers would have little impact on the Japanese market.
"We want to have an exchange of views with Japanese companies and discuss the necessary response procedures," Kyodo quoted the minister as saying at a news conference.
He added that the share of Iranian oil in the total import volume (Japan) fell to 3%, which means that the impact of the US decision on the fuel market within Japan will be limited.
In May 2018, the United States announced its withdrawal from the nuclear deal with Iran and the resumption of all sanctions imposed on it, including sanctions on cooperating countries. Washington has announced that its work is aimed at reducing the volume of Iranian oil exports to zero.
The White House announced on Monday that US President Donald Trump had decided not to extend the exemptions granted to some countries (China, India, Italy, Greece, Japan, South Korea and Turkey), which allowed these countries to import Iranian oil for six months ending on May 2 . Ending / 25
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