the three banks have previously taken part in joint lending to gazprom but with the new loan they're apparently anticipating growth in global energy needs. the government-affiliated bank japan bank for international cooperation is also working to set up a yen-denominated credit line worth more than $260 million. the funds will be offered to businesses in russia through a major local bank. the summit takes place december 15th in japan. >>> the japanese government and ruling parties are trying to encourage businesses to carry out research and development that would strengthen competitiveness. they have decided on a plan for tax system reform for fiscal 2017 that will give corporate tax breaks to firms that increase spending on experimentation and research. this will be determined by comparing the amount companies spend on research with the average total over the previous three years. big firms will get corporate tax breaks of 6% to 14% on research spending. the amount will depend on the proportion of that spending to overall sales. for small and medium-sized firms the figure could be b

. >> that's right, and if we want to sell yellowstone to gazprom, as long as it's an open auction, we're okay with it. i think this is crazy. this is completely nuts. >> well, and it's funny you make that example, right, sell yellowstone to gazprom because part of the problem here, you know, so much of this is behind the cloak of the corporate structure that they have, it is from the outside going to be very hard to penetrate and know exactly what's happening which is precisely why spicer's own standard is there's no way they're going to meet even the standard that spicer is laying out. >> yeah, that's a very good point, actually. they're not going to do that, either. he has decided, and i think he decided this in, you know, there's to reason why he shouldn't have decided this, when he was allowed to run for president without releasing his tax returns. there's nobody out there who can make me do anything. and there are limited things you can do -- there are limited vehicles for which you can make any president once he's sworn in do something. >> it's funny that you said king lear. i have

another, or rather, sources say russia's government-backed energy giant gazprom and two japanese trading firms are expected to cooperate to build facilities to liquify natural gas in russia's far east. another state-run oil firm, rosneft, is e pexpected to work with mitsubishi corporation. a private russian gas firm, novatech, expected to sign a memorandum to build a strategic relationship with three japanese trading firms. nhk world is in front of the how tem whe hotel where the summit will take place. what's the atmosphere like there? >> reporter: as you can expect, security sight here in nagato city, around the hotel where the two leaders will meet later today. police officers have been assigned to security for the summit. there are checkpoints all over the place. they're also inspecting cars coming to the airport. in order to deal with the influx of foreign media, the city has hired a russian woman who speaks japanese, english and, of course, russian. japanese officials have prepared promotional gift bags for the russian counterparts. the bags have bath salts that can make water just

between westernrn corporations l like shell and exxon and statete-owned compani like rozozneft and gazprom> after the crisis over crimea and ukraine wewestern eururopea and american sanctions have targeted technology needs. and those companies cannot provide the technology and they can't provide e the financing that would helelp. so now t that energy production has slowed. and exxonmobil has left. its s prourks -- production n project -- - >>>> you could argue the ukrain sanctions might have put certain development five or 10 years behind. >> the collapse of oil prices in 2014 has stalled offshore oil drilling plans by chevron and n norwegian, danish andnd french oil companies. offshore developmement in this faragal and pristine environment has some experts concerned. >> many of the technologies that have been used in the lower 4848 in respoponding to spills, whether they arere a smalall or large, ininvolve mechanical recovery systems that do not assume that they are operating in ice. and ice creates a variety of problems. in terms of responding to spills. >> a recent government study said