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Home >> World
UPDATED: 09:37, March 03, 2007
U.S. to address issue of sanctions on DPRK
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The United States will address the issue of financial sanction on the Democratic People's Republic of Korea (DPRK) soon, the State Department said Friday.

"I expect in the coming period of time the Treasury will be addressing the issue of how they have resolved the issue related to Banco Delta Asia," State Department spokesman Sean McCormack said at a briefing.

McCormack said U.S. Deputy Assistant Secretary of the Treasury Danny Glazer, who is the day-to-day point man on the issue, has arrived in Macao. "He'll be back here in Washington to brief his people at Treasury on what it is that he heard," McCormack said.

The United States slapped sanctions on Banco Delta Asia in 2005 and put it on a money-laundering blacklist, prompting Macao to freeze the 24 million dollars believed to belong to the DPRK. In return, the DPRK boycotted the subsequent six-party talks for more than one year.

Under the nuclear deal reached on Feb. 13 in the six-party talks, the United States agreed to address the issue of sanctions on the DPRK as part of the agreement.

Source: Xinhua


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