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Representation of the Russian part of the Business Council Russia-DPRK will be opened in Pyongyang

Russian part of the Business Council Russia - DPRK will open its office in Pyongyang for operational interaction between the two countries, the press service of the Ministry of Eastern and Eastern Development reported. This was announced today by the head of department, Alexander Galushka, on the results of the first day of the work of the Intergovernmental Commission on Trade, Economic, and Scientific and Technical Cooperation between Russia and North Korea. The issue of opening the same Korean representative office in the Russian capital is also being worked out.

According to the minister, this will contribute to the implementation of projects that are interesting for the business of both countries. “We go exclusively from practice. And we expect that the train of our cooperation will run on schedule, ”stressed Alexander Galushka. The meeting discussed the basic principles of cooperation for the implementation of joint economically viable projects in the electric power industry, transport communications, extraction of natural resources and agriculture.

Earlier, April 25 held a meeting of the Korean part Business Council Russia-DPRK, which highlighted the priority issues of business development in the framework of trilateral cooperation Russia-DPRK-the Republic of Korea. It was noted that in order to improve interaction, both parties will create special working groups to analyze the economic rationales of projects and attract additional investments.

In the field of energy, one of the most discussed projects concerned the supply of electricity from Russia to the North Korean trade and economic zone Rason, and Gazprom EP International BV assesses the possibilities of cooperation with the Korean side in the field of exploration and production of natural gas. Also OAO "RAO Energy Systems of the East" preliminary estimated the prospect of building a wind park with a total capacity of up to 20 MW at one of two optimal sites - on the Uam and Sonjondan peninsulas.

Rosgeology will develop the deposits of tungsten and molybdenum in the north of the country, as well as perform geophysical searches for oil and gas in the shelf zones of the Yellow and Japanese Seas. Enterprises of the agro-industrial complex and agricultural orientation will develop a system of veterinary certificates to simplify the procedure for the supply of meat and poultry to Russia.
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