Russia writes off 90% of North Korea's $11b. debt

MOSCOW - Russia has signed a deal to write off 90 percent of North Korea's $11 billion debt to Moscow, Konstantin Vyshkovsky, head of the debt department at the Finance Ministry told Reuters on Tuesday.
Vyshkovsky said the rest of the debt will be restructured and reinvested in Russian projects in North Korea.
Subscribe for our daily newsletter
Subscribe for our daily newsletter

By subscribing I accept the terms of use and privacy policy