Russia will earmark a lot of funds for the development of the Kurils out of the federal and regional budgets and, at the same time, invite foreign investors, he said.

He said that Russia proposed Japan a joint development of the Kurils and took a series of prudent measures, but the latter had never responded to them.

If companies or investors of Japan don't move, people of China, Singapore and other countries will come there, he added.

The Kurils are the territory where Russia exercises its sovereignty and it will develop the region, he stressed.