10:27 GMT02 April 2020
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    Russia's Far East Investment and Export Agency and the Far East Development Fund signed a cooperation deal with the Japan Bank for International Cooperation (JBIC) to establish a joint investment fund, Russian Deputy Prime Minister Yury Trutnev said Thursday.

    TOKYO (Sputnik) — The platform is intended to boost cooperation, because Japanese business is hesitant to invest in the Far East region of Russia and the country in general. Currently, the Russian side is actively figuring out new ways of attracting businesses, Trutnev added.

    “We signed a memorandum on creating a joint investment platform. … Such funds help to set a better stage for investment,” Trutnev, who is also the presidential envoy to the Far Eastern Federal District, told journalists.

    About 50 business contracts are expected to be signed on the sidelines of the Russian-Japanese business forum that Russian President Vladimir Putin and Japanese Prime Minister Shinzo Abe are expected to attend on Friday.

    Putin’s visit to Japan on December 15-16 is widely seen as a breakthrough in the Russian-Japanese relations, taking into account that it had been postponed since 2014.


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