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North Korea to simplify visa formalities for Russians, make payments in rubles

June 05, 2014, 12:09 UTC+3 5 5/6
Formalities will be simplified to receive multiple entry visas for Russian businessmen and employees of Russian companies who work in North Korea
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© EPA/KCNA

VLADIVOSTOK, June 5. /ITAR-TASS/. North Korea will ease visa requirements for employees of Russian companies working in the country and has agreed that mutual payments with Russia would be made in rubles.

"Formalities will be simplified to receive multiple entry visas for Russian businessmen and employees of Russian companies who work in the DPRK," the Russian Minister for Development of the East, Alexander Galushka, said on Thursday after the meeting of the intergovernmental commission on trade, economic, scientific and technical cooperation. He is chairman of the Russian part of the Russian-North Korean intergovernmental commission for cooperation.

Russian businessmen in North Korea would also have access to mobile telephone communication and the Internet, Galushka added.

The sides during the meeting also agreed that mutual payments between Russia and North Korea would be made in rubles startig from June.

"Already this month, payments between Russia and the DPRK will be made in rubles, and first accounts will be opened in Russian banks," Galushka said, noting it would facilitate trade and economic cooperation between the two countries.

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