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Jun 15,2007
Officials: No more excuses from N. Korea
by UPI

PYONGYANG, North Korea - Japanese Prime Minister Shinzo Abe says North Korea has no more excuses for not dismantling its nuclear program now that a key banking issue has been settled.

At least $20 million in blocked North Korean funds was transferred this week from a Macao bank to a bank in Moscow where North Korea has accounts. Kyodo News Service reported Friday that the money had been received by the Federal Reserve Bank of New York, which is to transfer it to Russia.

"To begin with, North Korea's refusal to take the steps was ridiculous," Abe said Friday. "But anyway, their excuse for the refusal has now gone and they must immediately take concrete action to carry out the initial steps."

South Korean and U.S. officials made similar statements Thursday.

North Korean funds in the Banco Delta Asia were blocked after the United States accused the bank of helping North Korea with counterfeiting and money laundering.

Copyright ©  2007, by United Press International. All Rights Reserved.

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Related news
Japan to extend sanctions on North Korea by UPI posted on Apr 10,2008

S. Korea calls for North's understanding by UPI posted on Apr 04,2008

North Korea nuke talks slow, South says by UPI posted on Jan 29,2008

Report: N.Korea to meet nuclear commitment by UPI posted on May 16,2007

U.S., Russia hatch N. Korea bank transfer by UPI posted on Jun 12,2007

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