Russia will be prepared for joint economic activity on the Kuril Islands with Japan, conducted under Moscow’s jurisdiction, Federation Council Speaker Valentina Matviyenko told a news conference in Tokyo.


The Kuril Islands


“We will be prepared for various formats of economic activity on the Kuril islands,” Matviyenko said, adding that “such joint economic activity can proceed only under Russian jurisdiction and Russian laws.”


Russia had already formulated its proposals addressed to the Japanese counterparts regarding possible economic cooperation on the Kurils, she said.


“I am certain that these proposals will be discussed further. I believe that both Russia and Japan should be interested in this,” Matviyenko added.


She sees quite a few opportunities for this. “I do hope that at a certain stage we will be able to agree on the formats of such joint economic activity on the Kuril Islands,” she believes.