G7 member buying Russian oil above Western price cap

Energy-dependent Japan agreed to support the measure to limit Moscow's revenues, but then asked for an exemption from US One of the Group of Seven (G7) nations, Japan, has started buying Russian crude oil above the $60-a-barrel agreed cap after securing a US-authorized exception, the Wall Street Journal reported on Sunday. According to the news outlet, Tokyo, which relies heavily on energy imports, reportedly got the concession from Washington, saying it needed it to ensure access to Russian fuel. Official statistics show that, in the first two months of this year, Japan bought around 748,000 barrels of Russian oi

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