Tag Archives: Russia Says Wrote Off 90 Percent Of North Korea’s Debt

Reuters – Russia Says Wrote Off 90 Percent Of North Korea’s Debt – 18 September 2012

MOSCOW | Tue Sep 18, 2012 3:45am EDT

(Reuters) – Russia has signed a deal to write off 90 percent of North Korea’s $11 billion debt to Moscow, Konstantin Vyshkovsky, head of the debt department at the Finance Ministry told Reuters on Tuesday.

Vyshkovsky said the rest of the debt will be restructured and reinvested in Russian projects in North Korea.

(Reporting by Maya Dyakina; Writing by Lidia Kelly; Editing by Steve Gutterman)

http://www.reuters.com link to original article

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