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Russia, Japan may use Eurasian Development Bank to finance projects — media

December 07, 2016, 14:28 UTC+3 TOKYO
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TOKYO, December 7. /TASS/. Japan and Russia may employ a system of two-stage lending for joint projects with participation of financial intermediaries in order to mitigate potential adverse circumstances related to sanctions against Russia, Japan’s Kyodo news agency said on Wednesday.

Russia suggested allocation of loans through the Eurasian Development Bank and Russian banks not hit by Western sanctions, Kyodo said. Furthermore, the Russian party is also viewing an option of securing guarantees in respect of loans transferred to Russian accounts, the news agency reported.

Preparations are currently underway for the visit of Russian President Vladimir Putin to Japan on December 15-16. Kremlin spokesman Dmitry Peskov said earlier that Moscow hopes to step up economic contacts with Japan, while the topic of signing a peace treaty is under development at the expert level.

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