国际英语资讯:No progress made on long-standing territorial row during Abe-Putin summit_时事

国际英语资讯:No progress made on long-standing territorial row during Abe-Putin summit

Another focal point of the Abe-Putin summit is economic cooperation between the two countries, which has not been much in the past according to Putin.

Japan, for its part, has hoped to lure Russia to make concessions on territorial issues with economic cooperation and Japanese investment especially in Far East area of Russia.

Putin said that both the Russian and the Japanese government agencies would work out new agreements in investment, tax and labor spheres.

But he dismissed the notion that he was only interested in getting economic benefits from Japan, saying that the most important thing for him is to sign a peace agreement "because that would create the conditions for long-term cooperation."

He said that he hoped cooperation between the two countries on the islands "will contribute to creating a favorable atmosphere for the continuation of negotiations on the conclusion of a peace treaty".

The two sides signed here a total of 80 documents, including 68 private sector deals. The total contribution from Japan in terms of loans and investment was reportedly valued at about 300 billion yen (2.5 billion U.S. dollars), according to local media..

Japanese companies, however, despite the pressure from government, are said to be concerned over the uncertainties of business environment in Russia amid the Japanese sanctions and some of the deals announced here are "less than what they seem," according to sources close to the matter.