Economics
Putin Seeks End to ‘Ping Pong’ With Japan Over Disputed Islands
- Cooperation plans to be governed by Russian law, Kremlin says
- Russia, Japan to form separate $1 billion investment fund
Putin, Abe Order Joint Economic Action Plan
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Russian President Vladimir Putin said Friday that his nation’s tussle with Japan over the sovereignty of disputed islands must come to an end, and agreed with Prime Minister Shinzo Abe to start talks on a special system for economic cooperation in the area.
“This historical ping pong over these territories should stop,” Putin said at a joint news conference in Tokyo after a working lunch with Abe. “There is a need to understand, finally, that fundamental interests of Japan and Russia demand a conclusive and long-term settlement.”