cooperation package: The move is out of step with the Group of Seven policy of imposing sanctions over Moscow's annexation of Crimea in 2014, according to The Japan Times. The package, worth 300 billion 2.6 billion was welcomed by Russian President Vladimir Putin at his summit with Abe in Japan earlier this month. He has proposed an economic cooperation package including joint development of the disputed territory. But at home, the reaction has been more equivocal. The economic cooperation package targets eight areas, including energy, health care, urban development and industrializing the Russian Far East, a depopulated and underdeveloped region in which Putin is eager to spur growth. Japanese companies have raised concerns about the profitability of the proposed projects and the potential to pave the way for further opportunities in Russia, while doubts have also arisen about whether the initiative will really help deliver the islands back to Japan.
(news.financializer.com). As
reported in the news.
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