N.Korea funds freed as nuclear deadline nears
SOUTH KOREA: The United States said on Tuesday Macau had unblocked
about $25 million in frozen North Korean funds and urged Pyongyang to
take steps to shut down its Yongbyon nuclear plant by a weekend
deadline.
The reclusive state has insisted it will only close the reactor,
which supplies it with weapons-grade plutonium, once the funds linked to
North Korean interests and frozen since 2005 in Macau’s Banco Delta Asia
were freed.
Under an international deal agreed two months ago, North Korea has
until Saturday to shut down its Yongbyon atomic plant as a first step
toward ending its nuclear weapons program.
“The bottom line is that they have unblocked these accounts and the
... authorized account holders can withdraw the funds from those
accounts,” U.S. State Department spokesman Sean McCormack said in
Washington.
The Monetary Authority of Macau issued a written statement that made
no mention of unblocking the accounts, but Japan’s Kyodo news agency
quoted an authority spokeswoman as saying account holders could now
withdraw or transfer the funds.
A Banco Delta Asia spokesperson also said the relevant account
holders were free to do as they wished with the money.
The funds were frozen after Washington accused the Macau bank of
being involved in money laundering, a step that greatly complicated
diplomatic efforts to persuade North Korea to abandon its pursuit of
nuclear weapons.
Pyongyang agreed in September 2005 to give up its nuclear programs in
talks that include the two Koreas, China, Japan, Russia and the United
States but then refused to come to the talks for more than a year
because of the financial dispute.
After conducting its first nuclear test on Oct. 9, North Korea
resumed talks that produced a Feb. 13 agreement giving Pyongyang 60 days
to shut Yongbyon in return for energy aid.
Furious that the money still had not been freed, North Korea in March
walked out of a round of six-country talks.
It was unclear how North Korea would react to the availability of the
funds and whether it would meet the Saturday deadline. The United States
said there may not be enough time to close down the nuclear reactor
safely by then.
“We welcome the step (by Macau authorities), we think it’s a fair
step and we think it’s now time to get back on denuclearization,”
Christopher Hill, chief U.S. negotiator with North Korea, told reporters
in Seoul. “This is precisely what they wanted, which was to have the
accounts in BDA made available to the authorized account holders.”.
Seoul, Wednesday, Reuters.
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