Agreement on Debt Settlement between DPRK, Russia Signed
Korean Central News Agency of DPRK via Korea News Service (KNS)
Pyongyang, September 18 (KCNA) -- An agreement on settling the debt incurred by the loan provided by the former Soviet Union which the DPRK owes to the Russian Federation was signed between the governments of the two countries in Moscow on Monday.
The agreement was inked by Vice-Minister of Finance Ki Kwang Ho from the DPRK side and Vice-Minister of Finance Sergey Storchak from the Russian side.
The conclusion of the agreement on the debt settlement would create fresh conditions for boosting the relations of economic cooperation between the two countries in the future.
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