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14 September 2018, 06:32 | Darnell Patrick
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But, at a time when Russian Federation is pressured by Western sanctions, and state coffers are strained - to the point where Moscow has been forced to implement hugely unpopular pension reforms to make up budget shortfalls - it was not clear what percentage of those deals were foreign investments.
Mr Abe, who said on Monday that talks with Mr Putin were moving towards a peace treaty, said: "We are both fully aware that it will not be easy".
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.
Russian President Vladimir Putin said Wednesday he was ready to sign a peace deal with Japan "without any preconditions" to end hostilities from World War II.
"Both countries are trying to signal: If the United States pushes too far, we are going to move closer to each other", Alexander Gabuev, chairman of the Russian Federation in the Asia-Pacific Program at the Carnegie Moscow Center think tank, told the Washington Post.
Putin's predecessor, Dmitry Medvedev visited Kunashir in 2010, becoming the first Russian leader to do so and provoking fury in Tokyo.
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Putin also met South Korean Prime Minister Lee Nak-yon, following his summit with South Korean President Moon Jae-in during the Russia-hosted World Cup.
"We've been trying to solve the territorial dispute for 70 years".
"But we are ready to look for resolutions that would work for both Russian Federation and Japan, and which would be accepted by the people in both countries", he said, adding that he was sure relations would have "new impetus" following the talks.
The Japanese prime minister agreed that both states should aspire to reach such a deal in the future. Last year, Tokyo launched a complaint over plans to lay an undersea telecom cable, linking the three disputed islands with Russia's Sakhalin Island.
According to the official, the important deals also include deliveries of 100 SSJ-100 aircraft to Aeroflot, and the construction of a terminal for Novatek LNG transshipment at Bechevinskaya Bay in Kamchatka.
The strategic guidance by and close contact between the heads of state of China and Russian Federation serve as powerful engines for the development of bilateral relations, Wang said.
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