http://www.khaleejtimes.ae/DisplayArticleNew.asp?xfile=data/theworld/2007/March/theworld_March530.xml§ion=theworldUS, N Korea reach deal as talks begin
(AFP)
19 March 2007
BEIJING - The United States said Monday it had struck a deal to release 25 million dollars of frozen North Korean assets, paving the way for progress in talks on ending the regime’s nuclear weapons programme.
The move was announced as envoys from six nations met in Beijing to resume round-table negotiations that had been stymied by a long-running dispute over the US financial sanctions.
Chief US envoy Christopher Hill said all the money would be released from the Macau-based bank where it had been frozen since 2005 amid accusations of money laundering and counterfeiting.
‘We feel this matter has been resolved and now we can move on to the next problems, of which there are many,’ Hill told reporters after the US Treasury Department announced the deal.
Later Monday, the Macau Monetary Authority confirmed in a statement that the funds would be released.