Chief Russian negotiator to the six-party talks Alexander
Losyukov said on Tuesday evening that North Korea was concerned
about its frozen funds in a Macao bank.
According to Losyukov, "North Korea said its frozen funds at
Banco Delta Asia (BDA) have not been transferred into the Bank of
China in Beijing so far."
He told the media that the previously planned meeting of chief
delegates on Tuesday afternoon was cancelled because the frozen
funds issue was not solved thoroughly.
If the frozen funds issue gets properly resolved tonight or
tomorrow, all the parties may start to discuss other issues,
In 2005, the US accused the bank of helping North Korea launder
money and subsequently froze the US dollar accounts held by North
Korea at the bank.
North Korea rejected the charge and demanded the US lift such
financial sanction before it could return to the six-party talks,
which caused the talks to remain stalled for 13 months since the
end of 2005.
The US had agreed on March 19 to transfer the North Korean funds
in the frozen BDA accounts to a Chinese bank in Beijing.
Losyukov said the six-party talks are now progressing but many
issues remain to be solved.
Losyukov said Russia hoped all parties involved in the talks
could keep frank negotiations and solve various difficulties
emerging in the process of resolving the Korean Peninsula
China made great efforts and did excellent organization work,
(Xinhua News Agency March 21, 2007)