North Korea says has funds, to move on nuclear deal
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North Korea's official media said on Monday the issue of frozen funds at the centre of a months-long nuclear impasse has been resolved and it will begin implementing a February disarmament deal.
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The United States and Russia are working on a plan to transfer $25 million in once frozen North Korean funds held at an Asian bank, a move aimed at reviving stalled nuclear disarmament efforts.
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The transfer of N Korean funds frozen in Macau, a key issue in nuclear talks, will soon begin, media says.
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The release by banking authorities of about $25 million in funds to North Korea is part of a nuclear deal.
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China and the United States are confident North Korea remains committed to a disarmament agreement but the issue of North Korean funds languishing in a Macau bank needs to be resolved, a U.S. envoy said on Wednesday.
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Most of the North Korean funds frozen in a Macau bank have been transferred, South Korean and Japanese news agencies said on Thursday, raising the prospect of an end to the deadlock stalling Pyongyang's nuclear disarmament.
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South Korea's defense minister said on Saturday he expects North Korea to begin to close its nuclear reactor, the source of its weapons-grade plutonium, once $25 million in frozen funds in a Macau bank are freed up.
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North Korea and the United States appeared closer to a deal today that could, within weeks, start the process of shutting down the Northâs nuclear weapons program.
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Negotiations to transfer North Korean funds held at a Macau bank, central to the reclusive state moving on a nuclear disarmament deal, are in their final stages, South Korea's foreign minister said on Wednesday.
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Most of the North Korean funds long frozen in a Macau bank have been transferred, an official said on Thursday, raising the prospect of an end to the deadlock stalling a nuclear disarmament deal with Pyongyang.
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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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A Russian bank says it has transferred $25m to North Korea, removing an obstacle to nuclear disarmament.
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Six-party talks on North Korea's nuclear programme are extended amid signs that a deal may be close.
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North Korea moved a step closer to fulfilling a promise to shutter its main nuclear reactor after agreeing with international monitors Friday on how to verify a shutdown.
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North Korea hopes that a permanent peace treaty with the U.S. will enable it to spend less on its military.
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North Korea is still committed to an international disarmament-for-aid deal, a U.S. nuclear envoy said on Wednesday, urging patience even though the reclusive state missed a deadline to list its nuclear arms program.
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North Korea indicated Wednesday it will slow down the disablement of its nuclear facilities because of what it said was a delay in receiving economic aid under an international deal.