Isles Issue: Russian Law and Government Official

isles issue: A senior government official said Japan's combined investments, loans and credit line for Russia will total 300 billion under the deals, according to The Japan Times. But whether the agreements, which concluded the high-profile summit in Japan, will lead to substantial progress on the isles issue is anyone's guess. The leaders also announced an expansion in economic cooperation comprising about 80 business deals between companies and government bodies from both sides. Abe said any joint economic activities would be conducted under a special legal system that will ensure that each country can retain its legal arguments in the territorial dispute. Tokyo argues that Moscow is illegally occupying the islands and that any application of Russian law would be unacceptable. Russia insists the islands are its territory and that Russian law would apply to any economic activities on them. (news.financializer.com). As reported in the news.