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Japan's reliance on Russian energy means it can't cut ties with Moscow, Itochu's CEO told the FT — but there are ways Russian can keep exporting despite sanctions.
But the September imports of 1.83 million barrels per day are lower than in August, as worries persist about the impact of Chinese economic slowing on demand.
Europe faces an energy crisis this winter as Russia supplies about 40% of Europe's natural gas, most of which is transported via pipelines.
Germany's government released another $2.5 billion of credit to secure alternative gas supplies before winter as Russia chokes off deliveries.
Germany shelved the Nord Stream 2 project days before Russia invaded Ukraine. Construction was completed last year, but it hasn't gone live.