Putin Writes Off 90% Of North Korea's Soviet Era Debt - GoFuckYourself.com

wehateporn · 05-06-2014, 09:06 AM

http://www.dailynk.com/english/m/rea...cataId=nk00100

"Russian President Vladimir Putin has ratified an agreement to write off 90% of North Korea?s outstanding debts after Russia?s lower house of parliament the State Duma approved the motion last month.

According to a report published by RIA Novosti on the 5th, North Korea currently owes Russia approximately US$11bn in Soviet era debts.
The remaining 10% is expected to be paid back in six month installments over the next 20 years.

Payment will be transferred from North Korea?s Foreign Trade Bank to an account at the Russian Development Bank. Russia is set to invest back into North Korea's health, education and energy sectors, the report claimed, implying further economic cooperation between the two countries.

Meanwhile, Russian Deputy Finance Minister Sergei Storchak told media last month that funds received by the North may be channeled into the construction of a railway or natural gas pipeline connecting Russia to South Korea via the North."

just a punk · 05-06-2014, 09:20 AM

Because he is an idiot.

Paul&John · 05-06-2014, 09:24 AM

He gets cheap labor from there

http://www.vice.com/vice-news/north-...r-camps-part-1

arock10 · 05-06-2014, 11:13 AM

Too big to fail

seeandsee · 05-06-2014, 11:24 AM

Why they writes off anything ?

brassmonkey · 05-06-2014, 11:25 AM

they are trying to help them get past sanctions

iwantchixx · 05-06-2014, 11:38 AM

Quote:

Originally Posted by wehateporn

http://www.dailynk.com/english/m/rea...cataId=nk00100

"Russian President Vladimir Putin has ratified an agreement to write off 90% of North Korea’s outstanding debts after Russia’s lower house of parliament the State Duma approved the motion last month.

According to a report published by RIA Novosti on the 5th, North Korea currently owes Russia approximately US$11bn in Soviet era debts.
The remaining 10% is expected to be paid back in six month installments over the next 20 years.

Payment will be transferred from North Korea’s Foreign Trade Bank to an account at the Russian Development Bank. Russia is set to invest back into North Korea's health, education and energy sectors, the report claimed, implying further economic cooperation between the two countries.

Meanwhile, Russian Deputy Finance Minister Sergei Storchak told media last month that funds received by the North may be channeled into the construction of a railway or natural gas pipeline connecting Russia to South Korea via the North."

Great, poor fanatic forgives poor fanatic #2. Scare tactic. I can easily see these two becoming bum-buddies

iwantchixx · 05-06-2014, 11:39 AM

Quote:

Originally Posted by Paul&John

He gets cheap labor from there

http://www.vice.com/vice-news/north-...r-camps-part-1

Seen this one awhile back... was interesting

05-06-2014, 09:06 AM	#1
wehateporn Promoting Debate on GFY Industry Role: Join Date: Apr 2007 Posts: 27,173	Putin Writes Off 90% Of North Korea's Soviet Era Debt http://www.dailynk.com/english/m/rea...cataId=nk00100 "Russian President Vladimir Putin has ratified an agreement to write off 90% of North Korea?s outstanding debts after Russia?s lower house of parliament the State Duma approved the motion last month. According to a report published by RIA Novosti on the 5th, North Korea currently owes Russia approximately US$11bn in Soviet era debts. The remaining 10% is expected to be paid back in six month installments over the next 20 years. Payment will be transferred from North Korea?s Foreign Trade Bank to an account at the Russian Development Bank. Russia is set to invest back into North Korea's health, education and energy sectors, the report claimed, implying further economic cooperation between the two countries. Meanwhile, Russian Deputy Finance Minister Sergei Storchak told media last month that funds received by the North may be channeled into the construction of a railway or natural gas pipeline connecting Russia to South Korea via the North." __________________ Sexy Girls Teasing

05-06-2014, 09:24 AM	#3
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05-06-2014, 11:13 AM	#4
arock10 Confirmed User Join Date: Jan 2006 Posts: 6,218	Too big to fail __________________ Sup

05-06-2014, 11:24 AM	#5
seeandsee Check SIG! Industry Role: Join Date: Mar 2006 Location: Europe (Skype: gojkoas) Posts: 50,945	Why they writes off anything ? __________________ BUY MY SIG - 50$/Year Contact here

05-06-2014, 11:25 AM	#6
brassmonkey Pay It Forward Industry Role: Join Date: Sep 2005 Location: Yo Mama House Posts: 77,234	they are trying to help them get past sanctions __________________ TRUMP 2025 KEKAW!!! - The Laken Riley Act Is Law! DACA ENDED - SUPPORT AZ HCR 2060 52R - email: brassballz-at-techie.com Last edited by brassmonkey; 05-06-2014 at 11:28 AM..

05-06-2014, 09:20 AM	#2
just a punk So fuckin' bored Industry Role: Join Date: Jun 2003 Posts: 32,385	Because he is an idiot. __________________ Obey the Cowgod