Home | Register | Login | Help | Forum | Log out
Agencies & Partnership
Company Directory
Our Global Network
About Us
Focus News Industry research Exhibition Regulation & Law Executive Talks
Search:
 
Home > Resources > News > Politics > World
U.S., Russia planning on transfer of frozen DPRK money
POSTED: 2:33 p.m. EDT, June 12,2007
The United States and Russia are making a plan to transfer 25 million U.S. dollars tied to the Democratic People's Republic of Korea (DPRK) from an overseas bank blacklisted earlier this year by the Treasury Department, the department said Monday.

"The United States is working with Russian and Macanese authorities to facilitate the transfer of (the DPRK) related funds previously frozen at Banco Delta Asia," Treasury Department spokeswoman Molly Millerwise told reporters.

"We appreciate the willingness of the Russian government to facilitate this transaction and the good cooperation of the Macanese authorities," Millerwise said.

The spokeswoman did not provide details about the U.S.-Russia cooperation.

It was reported that Russia has accepted a U.S. request that a Russian bank accept the DPRK funds via a U.S. financial institution before they are moved to the DPRK.

The United States has been urging the DPRK to fulfill its promise to shut down its major nuclear facility after the latter failed to shut down its main nuclear reactor by an April 14 deadline, as agreed in the six-party talks in February.

The six parties include the U.S., the DPRK, China, South Korea, Japan and Russia.

However, Pyongyang insisted that its 25 million dollars frozen at Macao-based Banco Delta Asia (BDA) must be returned before closing the Yongbyon nuclear reactor and starting new negotiations.

Washington has been trying to persuade banks around the world, including U.S. banks, to transfer the money, but financial institutions have been unwilling to shoulder the risk because the U.S. Treasury Department alleged the DPRK money was tainted -- nearly half of which was obtained through illicit activities, such as money laundering and counterfeiting.

The DPRK denies the charges.

From:
Print | Save
RELATED
China, Russia inked deals worth of US$2b (2007-6-12 9:11:00)
Chinese, Russian presidents meet on closer ties (2007-6-9 11:23:00)
Russia bans rice, seeds, peanuts imports from India (2007-6-6 8:51:00)
China trains IT specialists for Russia, Central Asia (2007-6-4 11:43:00)
Russia rejects new West-sponsored draft on Kosovo (2007-6-1 10:56:00)
China and Russia join hands to explore Mars (2007-5-31 9:44:00)
Russia says new ICBM can beat any system (2007-5-30 13:23:00)
Russia to raise export duty on roundwood (2007-5-30 11:32:00)
Russia receives British extradition request for poison suspect (2007-5-29 9:10:00)
Russia to sell 350 tanks to India (2007-5-28 15:17:00)
China ,Russia to enhance ties (2007-5-27 10:35:00)
Austria signs 5-bln-euro agreements with Russia (2007-5-24 13:19:00)
Home - Shipping - Airfreight - Integration - Members - Resources - My Jctrans - Links
About Us - Help - Contact Us - Site Map
嶄猟利
Privacy Policy - Terms of Use
Copyright Notice 2000-2007 Jctrans.com Corporation and its licensors. All rights reserved.