Frozen N Korean funds received in Moscow

North Korea’s ambassador to Moscow said Monday that funds at the centre of a banking dispute aggravating tensions around the country’s nuclear programme had been successfully transferred to Russia.

Frozen N Korean funds received in Moscow
North Korea’s ambassador to Moscow said Monday that funds at the centre of a banking dispute aggravating tensions around the country’s nuclear programme had been successfully transferred to Russia.

The comments came after Russia agreed to help with the transfer to North Korea of the funds, which were frozen at Macau’s Banco Delta Asia (BDA) in 2005 under US sanctions.

‘The funds from the Delta Asia bank have already been received at the Russian central bank. Soon, via one of the Russian banks in the far east, they will be transferred to the foreign trade bank of North Korea,’ Ambassador Kim Yong Jae was quoted by Interfax news agency as saying.

Meanwhile Russian Finance Minister Alexei Kudrin said checks were still under way to ensure there was no risk of sanctions before the money could be transferred to a bank in far eastern Russia where North Korea has an account, Dalkombank.

‘When we are 100 percent certain, the finance ministry will give the green light,’ Interfax quoted Kudrin as saying.

The movement of the funds comes after North Korea on Saturday invited an International Atomic Energy Agency team to discuss a shutdown of its nuclear reactor, saying the banking dispute that had blocked progress on a February disarmament pact was almost over.
Last Mod: 18 Haziran 2007, 18:12
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