Japan Defies US Allies, Purchases Russian Oil Above Price Cap

Japan has broken ranks with the US and EU to purchase Russian crude oil above the $60-a-barrel cap, citing the need to ensure access to energy from Moscow. The move represents a break in the US-led efforts to impose a global $60 per barrel cap on purchases of Russian oil. Japan heavily relies on imports of energy as the Asian nation has almost none of its own fossil fuels.