Financial dispute over, official says
North Korea’s Foreign Ministry confirmed today that its financial dispute with the United States had been resolved, a potential breakthrough in its impasse with the West over its nuclear weapons program.
The confirmation followed a report from a Russian bank that it had transferred $25 million to the North Korea from accounts that had been frozen in the Chinese territory of Macao.
Authorities in Macao had frozen the funds after a U.S. Treasury investigation into money laundering. North Korea demanded the money be released before it would implement a nuclear disarmament deal.
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