between the two leaders included Hashimoto making a proposal of having the four disputed Kuril islands coming under Japanese sovereignty. Yeltsin made a public statement about it and that he was considering accepting it, which prompted the Russian government and media to unite against this. By the autumn of 1998, the proposal had died after so much opposition in Russia, and Hashimoto was out of office after the July 1998 parliamentary election. Nonetheless, about $1.5 billion of the World Bank/IMF loan to Russia came from Japan. A meeting in November 1998 between Foreign Minister Keizo Obuchi and Yeltsin in Moscow took place, where Russia proposed to give Japan special status over the islands jointly with Russia as transitory legal regime. The Japanese side was cautious to the proposal and by 1999 there was a stalemate on the territorial question, while the economic initiatives stalled in their implementation. On July 30, 1998, the newly elected Japanese prime minister Keizō Obuchi had focused on major issues: signing a peace treaty with Russia, and renewing the Japanese economy. However, he died soon afterwards. Current relations (1999–present) In March 2014, following Russia's annexation of Crimea, Japan imposed several sanctions against Russia, which included halting consultations on easing the visa regulations between the two countries and suspension of talks on investment cooperation, joint space exploration and prevention of dangerous military activity. On 27 April 2018, in Moscow was held the fourth Russia-Japan forum dubbed The Points of Convergence, where the sides discussed pressing issues concerning the two countries’ trade and economic relations. Toshihiro Nikai, the secretary general of Japan's ruling Liberal Democratic Party, was the forum's special guest, read out Japanese Prime Minister Shinzo Abe's address at the event's opening ceremony. Participants discussed the two countries’ tourism cooperation, investment projects for the Far East and other Russian regions, as well as interaction in the areas of infrastructure, technology and energy industry. On June 23, 2018, Russia and Japan inked a memorandum of understanding (MOU) in Russia's Far Eastern Republic of Sakha (Yakutia) to expand cooperation between the two countries. In June 2018, Japan's Princess Hisako Takamado travelled to Russia to cheer on her national team at the FIFA World Cup. She is the first member of the Imperial family to come to Russia since 1916. In November 2019, Japan's foreign minister stated that he will visit Russia in December for talks about a formal World