Russia, Japan to Sign Deal on $910Mln Joint Investment Fund in December

© REUTERS / Lee Jae-WonJapanese yen notes
Japanese yen notes - Sputnik International
Russia and Japan are expected to sign a deal to form a joint investment fund worth some $910 million during President Vladimir Putin’s visit to Japan this month.

The logo of the Eastern Economic Forum on the territory of the Far Eastern Federal University on Russky Island, Vladivostok - Sputnik International
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TOKYO (Sputnik) — The Japan Bank for International Cooperation (JBIC) and the Russian Direct Investment Fund will set up a joint venture in 2017 and make equal contributions to it, the Kyodo news agency said Sunday.

President Putin is scheduled to come to Japan on December 15-16 where he will meet Prime Minister Shinzo Abe for talks on the strategy to revive bilateral relations.

Some 30 agreements are expected to be signed on the margins, including the investment fund deal. The fund will encourage Japanese firms to invest in healthcare and infrastructure projects, mostly in Russia’s Far East.

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