The Japanese leader has said a deal would unlock trade and investment from Japanese companies for Russian Federation, which is isolated from Western investment because of sanctions. It is created to lure investment and showcase business opportunities in the country's vast eastern region. Asian investment GenFund will participate in Far East projects of Russian agroholding Rusagro and Nakhodka fertilizer plant. Inaugurated in 2015, this year's forum was the fourth and it has had the highest-profile of any to date.
"Within the framework of the forum, 100 business events were held with four main thematic sections: investor support tools, sectoral priorities of the Far East, global Far East - worldwide cooperation projects, and creating conditions for human lives ..." This activity was part of the first stage of the exercise, which runs until September 17, the ministry said in a statement. Putin, dressed in an apron showed Xi how to pour dough on a frying pan and turn pancakes.
Russian President Vladimir Putin and his Chinese counterpart Xi Jingping displayed their cooking skills on the sidelines of an global economic forum. "We are both fully aware that it will not be easy". And while Russian Federation struggles with Western sanctions, imposed following its annexation of Crimea and intervention in eastern Ukraine, and now increasing after the Skripal poisoning controversy in the United Kingdom, China is being hammered by tariffs imposed on its exports by Washington, which is on an offensive against what it considers unfair trade practices.
Chinese media were glowing in the forum's aftermath.
Mr Putin and Mr Abe have held numerous meetings over the past few years in a bid to solve the dispute over the islands.
"Let's sign the peace treaty not now, but before the end of the year, without any preconditions", Putin said, addressing Abe who was also sitting at the same panel. "Let's conclude a peace treaty before the end of this year, without any preconditions". Abe did not respond during the session.
The issue is a long-running one between the two countries.
The two countries are in dispute over the four southernmost islands in the Kuril chain, known in Japan as the Northern Territories, which the Soviet Union occupied at the end of World War II but are claimed by Japan.
A treaty without preconditions would leave Russian Federation in control of the disputed islands, which Russian Federation calls the Southern Kuriles and Japan calls the Northern Territories. Chief Cabinet Secretary Yoshihide Suga called the move "extremely disappointing".
Abe and his officials may have not been pleased - the Japanese were "dealt a setback" because of Putin's delayed arrival, according to reports.
Putin also met South Korean Prime Minister Lee Nak-yon, following his summit with South Korean President Moon Jae-in during the Russia-hosted World Cup.
"It seems to me that this would facilitate the solution of all problems which we have not been able to solve during the past 70 years".
"It is not a joke", Putin added, suggesting the two countries commit to solving the territorial dispute in the text of the peace deal.
While politics stole the limelight, the forum is primarily a political entity.
The Japanese prime minister agreed that both states should aspire to reach such a deal in the future.
On Tuesday, Russia-China Investment Fund (RCIF) - a joint undertaking of the state-owned China Investment Corporation and Russian sovereign wealth fund - announced that a group of of Russian and Chinese businesses are considering 73 joint investment projects, with a cumulative value of more than $100 billion.