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Thursday, September 15, 2011

'Russia could write off North Korea's $11billion debt'

from koreaherald.....

"Russia will most likely write off North Korea's Soviet-era 11 billion-dollar-debt to clear the way for closer economic cooperation, Izvestia newspaper said on Wednesday.

Moscow and Pyongyang discussed closer energy cooperation and the outstanding debt when North Korea's secretive leader Kim Jong-Il travelled to eastern Siberia for rare talks with President Dmitry Medvedev last month"............READ MORE


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