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May 24, 2014 AT 6:37 AM
President Vladimir Putin said on Saturday that Russia is ready for talks with Japan over disputed Pacific Islands, but Japan may not be ready for negotiations. Japan has imposed a set of measures against Russia for its annexation of Ukraine's Crimea. Putin said "Both countries have an interest in resolving this problem (of the Kurile Islands), any solution should not hurt the interests of either side and any compromise should not make either of the sides feel defeated."