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Asia Pacific

Russia & Japan locked in standoff over Moscow’s call for firms to move to Kuril Islands | Source: RT

President Vladimir Putin said unprecedented plans were underway to exempt businesses and entrepreneurs that move to the islands, to attract investment on the Pacific Ocean archipelago. Tokyo has warned that the plan risks worsening a diplomatic spat between the two countries that has kept the two nations technically in a state of war since the 1940s. Russia considers the islands its sovereign territory, and constitutional reforms passed last year prevent the Kremlin from negotiating away any part of the nation.

Source: RT


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