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North Korea Chooses Russia to Hold Its Money
kommersant.com ^ | Apr. 30, 2007

Posted on 05/03/2007 2:27:34 PM PDT by Tailgunner Joe

North Korea has asked authorities in Macao to transfer the funds in its frozen accounts in Banco Delta Asia to financial organizations in Russia and Italy. This was announced by Chinese Deputy Foreign Minister Wu Dawei to the Japanese delegation in Beijing. According to unofficial information, Banco Delta Asia is preparing for the transfers. North Korea used the frozen accounts as justification for delaying the shutdown of its nuclear reactor at Yongbyon, saying the United States was refusing to release the $25 million in its Banco Delta Asia accounts. The U.S. cited “technical complications” for the delay in releasing the funds.

Under an agreement reached on February 13 of this year in six-party negotiations in Beijing, North Korea was obliged to close down the nuclear complex at Yongbyon within two months and allow international inspectors in to it. In exchange for giving up its nuclear program, Pyongyang was promised economic aid. South Korea, China, the U.S. and Russia were to provide 50,000 tons of diesel fuel or the economic or humanitarian equivalent. North Korea would receive 950,000 tons of oil or the economic equivalent if it closed down all of its nuclear facilities and provided a complete description of its nuclear program and data on its plutonium reserves.


TOPICS: Foreign Affairs
KEYWORDS:

1 posted on 05/03/2007 2:27:40 PM PDT by Tailgunner Joe
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To: Tailgunner Joe

I thought their choice might be the Bank of Venezuela?


2 posted on 05/03/2007 2:28:49 PM PDT by rovenstinez
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To: rovenstinez

Did you read Hugo is going to nationalize Venezuela’s banks? Russia’s banks are already run by the Kremlin!


3 posted on 05/03/2007 2:30:01 PM PDT by Tailgunner Joe
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To: Tailgunner Joe

Would you give your money to a thief?


4 posted on 05/03/2007 2:31:12 PM PDT by SolidWood (Islam is an insanity cult that makes everyone act Arab)
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To: SolidWood
Their problem is that they're having trouble getting their money back from a thief: Red China. This all just shows that contrary to popular opinion, China is not North Korea's closest ally, Russia is, just like it was during the Cold War.

If one is a gangster, they will probably give their stolen money to the godfather of crime to hold.

5 posted on 05/03/2007 2:44:52 PM PDT by Tailgunner Joe
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To: Tailgunner Joe

Grandpa Kim spent most of his time in Russia prior to being installed. Not sure of his actually background, but that surname is quite common in Russia. The Korean nationality has been there for ages, some oblasts are majority ethnic Korean.


6 posted on 05/03/2007 2:59:52 PM PDT by GOP_1900AD (Stomping on "PC," destroying the Left, and smoking out faux "conservatives" - Take Back The GOP!)
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To: GOP_1900AD

Kim Jung Il was born in Russia.


7 posted on 05/03/2007 3:04:09 PM PDT by Tailgunner Joe
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To: Tailgunner Joe

Hehehehe. Kim is going to let the Russian Mafia control his money.


8 posted on 05/03/2007 3:47:33 PM PDT by Parley Baer
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To: Tailgunner Joe; TigerLikesRooster; Jet Jaguar; monkapotamus; All

Tiger I think you like read this Chia Pet going give his money to VLADY


9 posted on 05/03/2007 4:06:15 PM PDT by SevenofNine ("We are Freepers, all your media belong to us, resistence is futile")
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To: SevenofNine
Re #9

Yes, Russia is aggressively opening up to Kim Jong-il, since they sense that Chia Head no longer feels China is as useful as before. I suppose this is fine with Chia. He can play Russia off China just as his dad did.

Chia is drawing multiple insurance. However, insurance providers are rivals with diverging interests. I think that Chia is testing his new insurance provider is dependable while planning to scale down insurance policy from the old provider.

10 posted on 05/03/2007 5:57:19 PM PDT by TigerLikesRooster (kim jong-il, kae jong-il, chia head, pogri, midget sh*tbag)
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To: TigerLikesRooster

So he going back old school teaming up with his papa Kim Jung Sun Russia providers

I think Vlady has KGB file on Chia Pet if you know what I mean I wouldn’t be suprise if Vlady supply Chia Pet with his women like pimp


11 posted on 05/03/2007 6:38:37 PM PDT by SevenofNine ("We are Freepers, all your media belong to us, resistence is futile")
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To: Tailgunner Joe

A-ha, indeed. So he is in fact one of the Korean minorities. Korean on the outside, Russian on the inside.


12 posted on 05/04/2007 5:31:59 PM PDT by GOP_1900AD (Stomping on "PC," destroying the Left, and smoking out faux "conservatives" - Take Back The GOP!)
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