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Tokyo says economic cooperation with Moscow does not violate anti-Russian sanctions

December 16, 2016, 16:54 UTC+3 TOKYO
Russia and Japan have signed more than 60 various agreements during the Russian president’s visit to Japan
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TOKYO, December 16. /TASS/. Economic cooperation between Russia and Japan does not run counter to anti-Russian sanctions, Japanese Foreign Minister, Fumio Kishida, told a news conference on Friday.

He noted that economic cooperation between the two countries is in no way linked to economic sanctions. "The content of economic cooperation (discussed during the Russian president’s visit - TASS) at this point does not contradict economic sanctions," he said when asked whether cooperation between the two countries could contravene the G7 sanctions.

Kotaro Nogami, Deputy Chief Secretary of Japan’s Cabinet, said earlier on Friday that Russia and Japan had signed more than 60 various agreements during the Russian president’s visit to Japan. The aggregate amount of investment under these agreements will amount to about 300 billion yen (about $2.54 bln).

Russia’s Yamal LNG and the Japan Bank for International Cooperation (JBIC) have signed an agreement on provision of a line of credit to the tune of 200 million euros. Japan’s Mitsui & Co has agreed to buy 10% in the Russian pharmaceutical company R-Pharm, Alexei Repik, Chairman of the company’s Board of Directors, said. Another notable result of the talks in Tokyo was a decision by the Russian Direct Investment Fund and the Japan Bank for International Cooperation to set up a joint investment fund with assets totaling $1bln.

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