Russia says $25 million in North Korean funds frozen by the United States have been transferred to a private Russian bank. RFE/RL's Russian Service reports that the Russian Foreign Ministry confirmed the transfer in a statement today.
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Russia's foreign minister said Wednesday Washington had assured Moscow that it would assume all financial risks in transferring North Korea's $25 million unfrozen from a Macao bank.
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South Korea's foreign minister said Tuesday North Korea's $25 million unfrozen from a Macao bank had been transferred home after a lengthy delay, clearing the way for Pyongyang to close a nuclear reactor.
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North Korea's news agency has warned the United States that it might bolster its so-called "self-defense" program, just as a key condition for nuclear disarmament appears to be nearly met.
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The final transfer of North Korea's previously-frozen $25 million from a Macao bank has been held up by technical problems, the U.S. envoy at six-party nuclear talks said Saturday.
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There is still no final decision on whether to put North Korean funds, which had been frozen in a Macau bank account, back in Pyongyang's hands, according to the ITAR-Tass news agency.
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An official in Chinese-controlled Macau says North Korean funds that have been the subject of a dispute with the United States have been transferred according to North Korea's instructions.
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Russia is preparing to help North Korea transfer its previously-frozen $25 million from a Macao bank, to encourage the Communist state to honor its nuclear commitments, a Finance Ministry source said Wednesday.
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