Russia and the DPRK have agreed to begin settlements in roubles already in this month, as the Minister for Development of the Far East Aleksandr Galushka reported, his words are quoted by RIA “Novosti”. The representatives of the two countries reached the corresponding agreement in Vladivostok during the meeting of the Intergovernmental Commission on Commercial and Economic and Scientific-Technical Cooperation.

      “The decision on cancellation of the debt of the DPRK before Russia has allowed us to solve a number of problems that could not be resolved because of this debt. Settlements in roubles between Russia and North Korea will begin already in this month, first accounts will be open in Russian banks. The opportunity of carrying out up-to-date settlements will significantly accelerate and facilitate commercial and economic cooperation” – Galushka said. In May 2014 the Russian President Vladimir Putin ratified the settlement of the DPRK debts before Russia on loans granted during the Soviet era.