Russian diplomat believes Western obsession with Assad leads to dead endRussian Politics & Diplomacy April 27, 10:30
Maria Sharapova wins first match after disqualificationSport April 27, 9:38
Abe expects progress in talks on peace treaty with RussiaWorld April 27, 9:06
Media: Israeli Air Force strike hits area near Damascus airportWorld April 27, 8:35
Russian diplomat believes US strikes on Syria make no military or political senseRussian Politics & Diplomacy April 27, 8:30
Diplomat believes Trump should be given chance to improve relations with RussiaRussian Politics & Diplomacy April 27, 8:10
Twelve militants of Islamic Jihad Mujahideen Jamaat grouping detained in KaliningradSociety & Culture April 27, 2:14
Russian Prosecutor General’s Office finds another 3 NGOs to be undesirableRussian Politics & Diplomacy April 26, 21:42
Moscow ‘seriously concerned’ about Turkish airstrikes in Iraq, SyriaRussian Politics & Diplomacy April 26, 20:55
PYONGYANG, June 1 (Itar-Tass) —— Russian-North Korean negotiations for the repayment of North Korean debts resulted in the signing of a joint protocol here on Friday. “Mutual financial liabilities of the countries related with those transactions, which were effectuated in the foreign trade in the times of the Soviet Union” were discussed at the bilateral negotiations, Deputy Finance Minister Sergei Storchak, who headed the Russian delegation, told Itar-Tass on Friday.
The balance of mutual settlements was in favour of the Russian Federation, as the Soviet Union was one of the largest North Korean creditors, Storchak noted. So, the negotiations focused on the debts amassed in the Soviet times “that made us possible to negotiate in the bilateral format without waiting for multilateral consultations in the Paris Club of Creditors.” In this respect, Russia does not violate its commitments to this club, in which the country is a member, the deputy finance minister said. Japan, China and other countries also acted as creditors.
The negotiations continued many years, the positions of the countries were getting closer slowly, but finally the agreements were reached, Storchak noted. In particular, the remainder of the debt, which will be transferred to the Vnesheconombank account, which is opened at the North Korean Bank of Foreign Trade, is planned to use for the projects that will promote the development of education, health care systems and the energy industry. This is those spheres, which Russia considers as the country’s priorities in its contribution to international development, the deputy finance minister said.
Along with the protocol Russia and North Korea initialled an intergovernmental agreement on the results of bilateral negotiations in Pyongyang on Friday. The Russian deputy finance minister noted that this document should be approved by the Russian government and can be finalized while being considered. Therefore, the countries decided not to disclose any concrete information about its content, he added.