Russia Writes Off 90 Percent of North Korea Debt

DEAD7

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"In Russia, the State Duma (lower house) on Friday ratified a 2012 agreement to write off the bulk of North Korea's debt. It said the total debt stood at $10.96 billion as of Sept. 17, 2012. Russia sees this lucrative in advancing the plans to build a gas pipe and railroad through North to South Korea. The rest of the debt, $1.09 billion, would be redeemed during the next 20 years, to be paid in equal installments every six months. The outstanding debt owed by North Korea will be managed by Russia's state development bank, Vnesheconombank. Moscow has been trying to diversify its energy sales to Asia away from Europe, which, in its turn, wants to cut its dependence on oil and gas from the erstwhile Cold War foe. Russia's state-owned top natural producer Gazprom is dreaming shipping 10 billion cubic meters of gas annually through the Koreas. Russia has written off debts to a number of impoverished Soviet-era allies, including Cuba. North Korea's struggling communist economy is just 2 percent of the size of neighboring South's."
 

Camile.Bidan

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Sometimes I feel like a lot of people in the west would defect to the East if there was a war to break out.


Pardon the Analogy but...


I feel like the West is the House Harkonnen, and the East is the House Atreides. Look at this Byran Singer Crap and what's coming out of Hollywood. All these guys raping boys...? and this is the lifestyle that the Dominant power in the West (progressives) fight for and tell us is "Okay"? I don't get it.

The Progs want Drugs, Sex, Amoral behavior, but at the same time they want to take away the rights of the righteous? Those who practice a hard-working conservative or religious lifestyle are pretty much enemies of the state now.

I'm sorry, but the East has the Moral High ground in today's world. The East is now the only territory where National Sovereignty and Conservatism can thrive. They are the Solders in this ideology war with the Progs.

if a nuclear war breaks out, San Francisco (the Prog Homeland) will deserve to burn in the hell fire.
 
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