Published: Thu, September 13, 2018
Money | By Ralph Mccoy

Putin proposes 'historic' peace deal between Russia, Japan

Putin proposes 'historic' peace deal between Russia, Japan

Japanese Prime Minister Shinzo Abe and his South Korean counterpart Lee Nak-yeon have also marked their presence at the Eastern Economic Forum (EEF), which Mr. Putin is hosting.

President Vladimir Putin suggested Wednesday Russia and Japan sign a peace deal "without any preconditions" by the end of the year, a historic proposal to try to solve a territorial dispute after decades of deadlock.

"I intend to visit China this year, the year in which we commemorate the 40th anniversary of the conclusion of the Treaty of Peace and Friendship between Japan and China", Abe said in a speech at an economic forum in the far eastern Russian city of Vladivostok.

"I don't want to comment on what President Putin said", Suga said at a regular briefing in Tokyo.

Soviet forces occupied the islands at the end of World War II, and the territorial dispute has prevented Moscow and Tokyo from formally ending hostilities in the war.

Putin was also late for a December 2016 summit in Japan, arriving three hours later than scheduled. He said his idea was that the two sides sign a treaty first, and then work through the issues on which they are in dispute afterwards.

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Vladimir Putin said Russian Federation welcomes more investment by Chinese companies and will offer good conditions to encourage more exchanges with China. They attended a roundtable meeting on regional cooperation and visited "The Far East Street" exhibition showcasing the rich local cultural exchanges between the two countries and investment opportunities in Russia's Far East regions. "Putin does not expect anything", Georgy Kunadze, a former Russian deputy foreign minister, told AFP news agency, adding that Abe would never accept a deal that would be political suicide for him.

A Japanese government spokesman said the country's stance had not changed.

As Donald Trump continues to up the ante on a trade war, with the USA president recently threatening to place tariffs on all Chinese exports to the United States, Beijing is moving to further solidify its already-close partnership with Russian Federation.

The Japanese prime minister said the two countries "have a duty to future generations".

The disputed Kuril Islands lie between Russia's Kamchatka Peninsula and the Japanese island of Hokkaido.

"It seems that this would facilitate the solution of all problems which we have not been able to solve during the past 70 years", Putin added.

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