Russia plans to set up a special economic zone with no customs and a reduced set of taxes on a disputed chain of islands near Japan, Prime Minister Mikhail Mishustin was quoted as saying on July 26 by Russia’s RIA and Interfax news agencies.
Reuters: Russia plans free trade zone on disputed islands near Japan
A picture taken on Dec. 12, 2016 shows the town of Kurilsk on the island of Iturup.