Baku. Konul Jafarli - APA. Japan is close to agreement with Washington on the size of cuts refiners must make in imports of Iranian crude oil to win waivers from U.S. sanctions, two ministers said on Tuesday after a media report the two sides would settle on an 11 percent cut.
The Yomiuri newspaper, citing unidentified sources, said Japan and the United States reached an agreement at talks last week about the size of cuts to crude imports from Iran, with a formal deal expected by the end of this month.
Avoiding sanctions is essential to protect the Japanese financial sector’s operations abroad, but cutting oil imports could pose a risk to Japan’s economy.
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