N. Korea Funds Transfer to Begin
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A financial dispute that has held up North Korea's pledge to shut down its nuclear reactor could be nearing a breakthrough after a news report that the long-awaited transfer of frozen North Korean funds will start Thursday
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An end to the deadlock stalling a nuclear disarmament deal with Pyongyang came into sight on Thursday after North Korean funds long frozen in a Macau bank were released.
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SYDNEY - North Korea will open its Yongbyon nuclear facility to US, Russian, and Chinese nuclear specialists next week as diplomatic efforts to shutter North Korea's nuclear program enter a new phase, US diplomats announced yesterday.
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South Korea will start shipping oil to North Korea next week, an official said on Wednesday, a day after U.N. nuclear inspectors said the reclusive state had agreed to steps verifying a shutdown of its atom bomb program.
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North Korea said on Thursday a planned visit by U.N. nuclear monitors was on hold because it had not received unfrozen bank funds, shaking hopes Pyongyong would start disabling its atom bomb program soon.
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North Korea took possession yesterday of about $25 million in funds previously frozen by a Treasury Department investigation, potentially clearing the way for Pyongyang to fulfill its commitment to shut down an aging nuclear reactor.
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About $3 million in United Nations money intended to help impoverished North Koreans was diverted by the Pyongyang government toward the purchase of property in France, the United Kingdom and Canada, according to a confidential State Department account of witness reports and internal business rec...
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The U.N. nuclear monitoring agency agreed today to send experts to North Korea as part of a process that is intended to lead to the closure of the countryâs nuclear facility.
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A Russian bank says it has transferred $25m to North Korea, removing an obstacle to nuclear disarmament.
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The United States&#39; top negotiator with North Korea said Friday he is optimistic of a deal within a month over frozen funds that have blocked an agreement to end Pyongyang&#39;s nuclear weapons programme.
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North Korea will soon receive the funds which for months had blocked a nuclear disarmament deal and should move quickly to honour the pact, a senior South Korean official said Friday.
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North Korea said on Monday that the standoff over frozen funds had been resolved and it would now start implementing a nuclear disarmament deal struck in February.
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Japan's Cabinet will approve plans for a new set of financial sanctions on North Korea in response to the communist nation's missile test in July, a top government spokesman said Monday.
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U.S. and North Korean officials start talks on Monday aimed at eventually normalizing diplomatic ties as part of a agreement under which Pyongyang has pledged to scrap its nuclear arms programs for aid.
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The transfer of North Korean funds that have been frozen in a Macau bank is to begin on Thursday, Japan's Kyodo news agency said, raising chances for a breakthrough in a deadlock that has stalled a nuclear disarmament deal with Pyongyang.
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U.S. and North Korean negotiators will start talks on Monday aimed at normalizing diplomatic ties as part of a complex agreement under which Pyongyang has pledged to scrap its nuclear arms programs for aid.
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Nuclear-armed North Korea used UN-linked bank accounts to secretly transfer funds in connection with alleged weapons sales, a US Senate probe showed Thursday.