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Russia and the DPRK will discuss joint infrastructure and energy projects
April 27 will host the meeting of the seventh Russian-North Korean intergovernmental commission on trade, economic and scientific and technical cooperation. Russian delegation led by the Russian Federation Minister for the Development of the Far East Alexander Galushka and representatives DPRK will discuss prospects for bilateral cooperation in energy, infrastructure and agriculture, reports TASS.
Moreover, a number of documents are expected to be signed that will strengthen relations between Russian and North Korean enterprises and will facilitate the development of projects in the field of trade and investment.
For the Russian-North Korean cooperation, 2014 has become a turning point in many respects. To date, it is expected to provide Russian business in the DPRK with favorable taxation conditions, as well as issuing multiple-entry visas, ensuring uninterrupted communications.
The prospect of switching to bilateral settlements in rubles is of great importance for both sides, since it will help to realize large-scale commercial and investment projects. The Russian Ambassador to the DPRK said that much work remains to be done to ensure that the planned projects are fully realized, however, a significant part of this path has already been passed.
At the moment, political cooperation between Russia and the DPRK is developing successfully. So, in November last year, Russian President Vladimir Putin received a member of the presidium of the Political Bureau of the Central Committee of the Korean Labor Party, secretary of the Central Committee of the TPC Choi Ryong Ho as special envoy of North Korean leader Kim Jong-un. In addition, the Minister of People’s Armed Forces of the DPRK, Hyon Yong Chol, participated in the fourth conference on international security, held this month in Russia, organized by the Russian Defense Ministry.
Recall that on April 4 in the capital of Russia was held the opening ceremony of the cross "Year of friendship Russia - DPRK", timed to the celebration of the 70 anniversary of the Victory in the Great Patriotic War and the Liberation of Korea.