Hopes rise for end to NKorea impasse with funds transfer
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The transfer of blacklisted North Korean assets from a Macau bank started Thursday, a report said, raising hopes of resolving the drawn-out dispute which has held up a nuclear disarmament deal.
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Negotiators seeking to end North Korea's nuclear arms program were hopeful of ending their latest session in Beijing on Thursday with an agreement on a deadline for crippling the North's atomic facilities.
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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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The chief U.S. negotiator on North Korea's nuclear program will meet his Chinese counterpart on Wednesday to try, once again, to resolve the issue of North Korean funds languishing in a Macau bank account.
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North Korea will feel compelled to announce plans for another nuclear test if a financial row with Washington is not settled, a source said on Wednesday as the latest talks wound up with no signs of a breakthrough.
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Envoys from six countries stood on the verge of a deal to start unwinding North Korea's nuclear arms program after agreeing a multi-million-dollar package of energy aid for the reclusive communist state.
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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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Delegates to six-party talks began converging on the Chinese capital on Wednesday seeking to defuse North Korea's smoldering nuclear crisis, but envoys and analysts cautioned that any final deal is a distant prospect.
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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 amid a news report that the long-awaited transfer of frozen North Korean funds will start Thursday.
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Six-country talks on scrapping North Korea's nuclear arms resumed on Monday after a one-year standoff, but hopes for progress were not high after Pyongyang made clear that its priority was ending a U.S. cash squeeze.
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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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The United States and North Korea haggled on Monday over energy aid the North would receive in exchange for ending its nuclear arms ambitions but it looked like some sort of an agreement in six-part talks was emerging.
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The United States will seek the help of a Chinese intermediary bank to help arrange the transfer to North Korea of formerly frozen funds in a Macau bank, Indonesia's foreign minister said on Tuesday.
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The banking dispute holding up a North Korean nuclear weapons deal looked on Friday to be almost resolved but few expected it to prompt the hermit state to actually start dismantling its atomic armory any time soon.
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Washington expects North Korea will meet  a commitment to shut down its nuclear facilities this month  after it has received funds still frozen in a Macau bank, U.S.  envoy Christopher Hill said on Friday.
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The two Koreas agreed to resume stalled high-level talks later this month in Pyongyang, officials said Thursday, amid signs of easing tensions on the divided peninsula after the North signed a breakthrough disarmament agreement.
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The number two in the North Korean leadership, Kim Yong Nam, has left for China to meet President Hu Jintao and other leaders. The dispute over North Korea&#39;s nuclear programme is likely to figure high on the agenda at the talks.