May 25, 2013

N.Korea signs debt agreement with Russia: KCNA

N.Korea signs debt agreement with Russia: KCNA (via AFP)

North Korea said Tuesday that it had signed an agreement with Russia settling an estimated $11 billion debt owed by Pongyang that dates back to the Soviet era. The North’s state news agency KCNA said the agreement was signed Monday in Moscow, but gave no details of the terms involved. “The North-Russian…