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.

Russia will continue cooperation with the DPRK on unlimited sanctions to the directions

A sharp increase in trade between the Russian Federation and the DPRK is not expected in the conditions of sanctions, but the export and import of non-banned goods will develop, the press service of the Ministry of Vostok said on the results of the eighth meeting of the Intergovernmental Commission on Trade-Economic and Scientific-Technical Cooperation between the Russian Federation and the DPRK. The meeting was held by the co-chairmen of the commission - the head of the Minsk region, Alexander Galushka and the Minister for Foreign Economic Affairs of the Democratic People's Republic of Korea Kim Yong Zhe.

As reported, the participants summed up the implementation of decisions included in the minutes of the previous meeting of the IPC - 63 was executed from 20 agreements, the rest are under implementation. According to Alexander Galushka, the most significant of them are agreements on cooperation in the electric power industry, organizing the work of the subcommissions on timber industry and scientific and technical cooperation, etc. Kim Yong Zhe noted the great attention of the DPRK to the regions of the Russian Far East. "Two meetings of representatives of the Central Banks of our countries were held in Pyongyang and Vladivostok, agreements on cooperation in the field of trade between the Sakhalin Oblast and the DPRK, as well as the Primorye Territory and the DPRK were signed. But we can not say that the potential of the two sides has been fully realized, "the press service quotes his opening speech.

Alexander Galushka, in turn, confirmed that the interaction is expanding, this is confirmed by the volume of trade. According to him, in 2017, the trade turnover between the regions of the Far Eastern Federal District and the DPRK amounted to $ 15 million, which is 84% higher than the same indicator of 2016. "Given the unfolding international situation, we should not expect a sharp increase in bilateral trade. Nevertheless, we are determined to promote bilateral cooperation in areas not affected by international sanctions, to take all necessary measures to ensure that non-restrictive civilian areas of our cooperation are not affected, "he said in the message. The parties discussed already implemented projects, including the project "Hasan-Radzhin", the work of GC "North", the company "Spassky Bacon". Mr. Galushka said that it is necessary to make efforts for the further implementation of these projects, the search for new points of growth in trade turnover, and the study of new areas of cooperation.

The Korean side will formulate proposals on groups of goods that are not prohibited by the relevant resolutions of the UN Security Council, for the development of export and import directions between Russia and the DPRK. Issues of bilateral cooperation in the field of transport, energy, industry, agriculture and fishery, education, science and technology were also touched upon. Also, the Korean side initiated the creation of a Russian-Korean working group on environmental and environmental issues. The Russian side supported the proposal. The final protocol included all proposals of the parties on the further development of bilateral relations.

On Thursday, the Russian delegation flew from Pyongyang to Beijing. Alexander Galushka in the PRC will hold a number of bilateral meetings, including discussing the implementation of investment projects.
February 27: current information on coronavirus in the Far East
Digest of regional events and latest statistics