The Sergei Stoll Chuck said, clean-up loans will rubles converted into U.S. dollars, Russia will offer a discount of 90% of the total debt, the remaining 10% (about 10 billion U.S. dollars) of debt will follow the "debt-for-aid "approach, as an investment for the implementation of cooperation projects in areas such as energy, health care and education in the territory of North Korea, Russia and the DPRK. RIA Novosti quoted Russian Foreign Economic Bank sources as saying that the remaining debt in 20 years, once every six months in equal pay off year after the entry into force of the Agreement to make a payment.
Russia's "view report", said the Russian North Korean debt relief mainly because of three considerations: First, the DPRK has no ability to repay, Russia's long-term toward providing food, fuel and other free aid to North Korea in August or September of last year alone about 5 tons of wheat humanitarian assistance;, high debt impede economic cooperation of Russia and the DPRK, Russia last year when he was President Dmitry Medvedev and North Korean leader Kim Jong Il agreed to the establishment of the Russia-DPRK-ROK gas cooperation special Committee to promote through North Korea to South Korea to supply gas and electricity projects, the debt problem is a stumbling block; third, North Korea spontaneous very low possibility of debt before Russia called on North Korea to return to the negotiations were not fruitless.
North Korea owed ??by the former Soviet Union debt problems a long time. In the 1960s, North Korea Former Soviet Union loan of 38 billion rubles for the construction of power plants and other infrastructure. The Bank of Russia and the DPRK in 2008 to 60 rupees to one U.S. dollar ratio estimates toward Russia debt of approximately $ 8,000,000,000, plus interest of $ 9,000,000,000 in 2011 amounted to $ 11 billion by 2009. In addition to Russia, the Korean major creditor of the debt owed to China and South Korea, if North Korea Allocation of total external debt to the Korean people, the average debt of $ 775 per person, and the per capita monthly salary is only tens of dollars. Before and after 2008, Russia and North Korea for further negotiations on the debt issue, but failed to reach agreement. In June 2011, Russia and the DPRK to restart suspended for three years, the debt negotiation talks, Russia expressed "exempt North Korea part of the debt does not rule out possible" and suggested that "the remaining debt by installments or investment pay off.
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