Home Economic Times Russia halts Japan peace treaty talks over sanctions

Russia halts Japan peace treaty talks over sanctions

Russia halts Japan peace treaty talks over sanctions

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Russia has withdrawn from peace treaty talks with Japan and frozen joint economic projects associated to the disputed Kuril islands on account of sanctions imposed by Tokyo over Ukraine, the overseas ministry mentioned on Monday.

Russia and Japan have nonetheless not formally ended World Conflict Two hostilities due to the standoff over the islands identified in Russia because the Kurils and in Japan because the Northern Territories.

“Underneath the present circumstances Russia doesn’t intend to proceed negotiations with Japan on a peace treaty,” the overseas ministry mentioned in a press release, citing Japan’s “overtly unfriendly positions and makes an attempt to wreck the pursuits of our nation.”

Japan final week introduced plans to revoke Russia’s most-favoured nation commerce standing, broaden the scope of asset freezes in opposition to Russian elites and ban imports of sure merchandise.

Final yr, President Vladimir Putin mentioned that each Tokyo and Moscow needed good relations and mentioned it was absurd they’d not reached a peace settlement.

Russia has additionally withdrawn from talks with Japan about joint enterprise initiatives on the Kuril islands and ended visa-free journey by Japanese citizens, the assertion mentioned.

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