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Russia and the DPRK can agree on a visa-free regime - Galushka

Russia and the DPRK may agree on a visa-free visit by Russians to North Korea. According to the press service of the Ministry of Eastern Development, Alexander Galushka, the head of the ministry, said this at a press conference following the trip of the Russian delegation to the DPRK, which was held from 20 to October 24.

“The agenda of relations includes the issue of visa-free visits by Russians to the Democratic People's Republic of Korea. “Such a formulation of the question was recognized by the parties as expedient, we will work on it, it will not happen at once,” the minister said.

In addition, Alexander Galushka reminded about other aspects of relations between the two countries, according to which historical agreements were reached. Thus, a group of Russian companies, including NPO Mostovik, for 20 years, will be implementing a large-scale Victory project in the DPRK to modernize the republic’s railway network. The project cost is estimated at $ 25 billion.

“Russia is not investing anything, I would like to emphasize this. This is a commercial project, mutually beneficial, of interest to a group of companies, and of interest to the Russian and Korean sides, ”the minister explained. In this case, the costs of Russian companies will be covered by access to mineral resources in North Korea, including rare earth metals and coal.

In addition, the DPRK and the Russian Federation began to carry out mutual settlements in rubles. For this was created all the necessary banking infrastructure. A high degree of development is a trilateral project to create an energy bridge from the Russian Federation, through the DPRK to the Republic of Korea. Realization of the plan will make it possible to profitably sell the excess electricity available to foreign partners in that part of our country, the minister noted.

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