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Russian PM announces new development projects in Northern Territories

TV Asahi reported this morning that Russian Prime Minister Medvedev announced at a meeting on Russian Far East development yesterday new projects worth around 10 billion yen (approximately $90 million) in the Northern Territories and the North Kuril Islands, including tourism and fishery products processing facilities. The network noted that the Russian government had previously announced plans to invest a total of 120 billion yen (approximately $1.1 billion) in the islands from 2016 to 2025 and the new projects probably constitute an additional effort to make Russian control of the territory a fait accompli despite the Japanese and Russian governments’ agreement to promote joint economic activities in the Northern Territories. NHK aired a similar report.

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