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In case of South Korea’s failure to meet the reciprocal obligations, it may lose its fishing quotas in the Russian Far East
Vice-Premier of the Russian Federation Yury Trutnev, following a meeting with his South Korean counterpart TsoiGen Hwan, told reporters that
Russia may withdraw fishing quotas from South Korea in the Far East if it fails to fulfill its response obligations.
"Today there was a meeting with my colleague, the chairman of the intergovernmental commission for the development of trade and economic cooperation between Russia and the Republic of Korea, we discussed a number of issues, first of all, I spoke about the problems that I see today in the implementation of specific projects." The Deputy Prime Minister added that he separately dwelled on the situation at Daewoo Shipping (the South Korean company created a joint venture with Rosneft to create shipbuilding facilities in the Russian Far East, but the project is being implemented very slowly) and discussed issues with fishing.
“For quite a long time, our colleagues receive quotas for catching fish in the Far East and the response to these quotas, in fact, should have been the construction of processing facilities,” he recalled. “There are quotas, fish is caught, but processing facilities are not being built." ... “I told my colleague that I would give instructions to analyze this work - who assumed what obligations, and I would like to summarize the results and decide what to do next with him at the meeting of the next commission. Otherwise, otherwise we will have to revoke licenses ", - said Trutnev.
In addition, according to him, the meeting touched upon the issue of trilateral cooperation related to the implementation of a project in the field of railway transport in the DPRK, as well as a project related to the transportation of gas through the DPRK to South Korea. "My colleague said that they are extremely interested in the implementation of these projects and hope for the role of Russia in reaching agreements," Trutnev stressed.