Posted on 02/13/2015 8:36:01 AM PST by UMCRevMom@aol.com
Seung Ri Young and Sergei Lavrov
Poor infrastructure of North Korea is the most favorable area for Russian investment, says the head of the Business Council, responsible for development of business relations between Moscow and Pyongyang.
Last week, in response an e-mail Korean service, "Voice of America", the head of the Business Council for Cooperation with North Korea Vitaly Survillo wrote: "In my opinion, the most promising area of cooperation between our countries are infrastructure projects such as roads, utilities and tourism."
Moscow established the council last week to promote trade between Pyongyang and Moscow.
According Survillo, the first stage of Council plans to work with support of government agencies in both countries. Its main goal - find new channels of communication with North Korean partners.
At the moment the council has focused its efforts on working with Russian organizations to ensure their interests in the structure of government agencies in both countries.
Russia also looks for business opportunities related to natural resources of the DPRK, including minerals. "North Korea has significant reserves of natural and labor resources," - says Survillo.
In October 2014 the parties have launched a rare joint project for modernization of the railway system of the DPRK. In accordance with the project terms, Russia will help North Korea improve railways in exchange for access to its MINERAL RESOURCES.
"If someone needs our support, we will be glad to help overcome the difficulties associated with the successful implementation of the project," - said Survillo.
In May last year, Moscow has written off 10 of the $11 billion debt Pyongyang. And last month, the administration of the Russian president reported that North Korean leader Kim Jong-un in May will arrive in Moscow to celebrate the 70th anniversary of Russia's victory over Nazi Germany.
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The Rooskies had better bend over...
The list of countries Russia can buy friendship from is very short. Sort of like Kim Jong Un.
Look at the map. It’s a nice add-on for Russia.
Russia will get a port for their navy out of the deal, which will have a direct rail link to Russia as well. One that is less apt to freeze than even Vladivostok.
commies stick together
It’s going to be another money pit like Cuba was, at a time they can afford it even less. As for ports, Korea’s not that well placed, with Japan controlling all of the approaches on the east side, and the west side isn’t that great either. As the developed world shuns him more and more, Putin is trying to buy friends, but it’s only pariah states that want anything to do with him, and then only for what they can milk him for.
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