This text is translated into Russian by google automatic human level neural machine.
EastRussia is not responsible for any mistakes in the translated text. Sorry for the inconvinience.
Please refer to the text in Russian as a source.

Project "Victory": a new model of Russian-North Korean relations

New prospects for active development of tripartite cooperation of Russia, South Korea and the DPRK are opening up. The head of Minsk region Alexander Galushka held talks with the Minister of the Republic of Korea Liu Kil Zhe on the affairs of the national association. The main theme was the implementation of tripartite projects between the Russian Federation, the Republic of Korea and the Democratic People's Republic of Korea.

As a result of trilateral negotiations between Moscow, Seoul and Pyongyang, a common model of Russian-North Korean relations was agreed. The project, with the promising title of "Victory", involves the provision of investment in exchange for access to the DPRK's natural resources. This was stated by the Minister of the Russian Federation for the Development of the Far East Alexander Galushka.

Several models of realization of investment projects were considered. "The first option is Russian investment in exchange for access to natural resources. The second option - as part of the repayment of the remaining part of the DPRK's debt to Russia - is $ 1 billion. The third option is within the funds allocated for combating the greenhouse effect, given that the power plants in the DPRK are old, morally obsolete. A combination of these three sources is also being considered ". North Korea, according to his information, also showed interest in the implementation of projects in the field of agriculture in the Russian Far East with the involvement of Middle Eastern investors.

At the moment, a specialized resource catalog is being prepared in the DPRK, to which Russia could access. Such a joint work of Russian and North Korean colleagues is necessary to establish mutual understanding of the scope of future projects. Thus, with the direct participation of Russia, relations are established between three important regions, which subsequently promise long-term productive cooperation.

The main results of the project "Victory" for the North Korean side of the partnership will be a modernized transport infrastructure, as well as a developed mining industry.

"For now, we are playing the role of a negotiator between the DPRK and South Korea in joint tripartite projects. But the negotiations repeatedly stressed the need for full-fledged three-format cooperation. North Korean partners respond positively to such proposals, - said Alexander Galushka.

"I am confident that our current meeting will be a worthy continuation of the positive trends in Russian-Korean cooperation, against which our countries successfully solve many problems that hampered until recently the development of trade and economic cooperation, - said the head of the Ministry for the Development of the Far East. In his opinion, contacts between the Russian Federation and the DPRK promise to be long-term and fruitful, because they contain "deep strategic subtext" and equally strong traditions.

Photo from the site

September 25: current information on coronavirus in the Far East
Digest of regional events and latest statistics