North Korea receives transfer of $25 million
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{{North Korea}}
{{date|June 20, 2007}}

{{w|United States dollar|US$}}25 million of [[North Korea]]n funds previously frozen in a [[Macau]] bank has been transferred to {{w|Pyongyang}}, the North Korean capital.  The money was released late last week, and transferred from Macau to the {{w|United States Federal Reserve|Federal Reserve}} in {{w|New York City}}, and from there to a [[Russia]]n bank and then into an account controlled by the North Korean government.

Pressure is mounting from the international community on the Pyongyang government to shut down its Yongbyong nuclear reactor.  North Korea has been refusing to move forward due to the freezing of these funds in 2005.

==Sources==
*{{source|url=http://www.thepeninsulaqatar.com/Display_news.asp?section=World_News&subsection=Rest+of+the+World&month=June2007&file=World_News200706201484.xml
|title=N Korea given money, told to shut N-plant
|author={{w|AFP}}
|pub=The Peninsula
|date=June 20, 2007}}
*{{source|url=http://www.chinapost.com.tw/news/112827.htm|title=With banking row over, U.S. urges N. Korea to shut reactor|author=Hiroshi Hiyama|pub=The China Post|date=June 20, 2007}}
*{{source|url=http://www.iht.com/articles/2007/06/19/asia/web.0619korea.php|title=U.S. says North Korea may begin shutting reactor in weeks|author=David Lague|pub=International Herald Tribune|date=June 18, 2007}}
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[[Category:North Korea]]
[[Category:South Korea]]
[[Category:Asia]]
[[Category:Politics and conflicts]]
[[Category:Korean Peninsula]]
[[Category:Nuclear proliferation]]
[[Category:Economy and business]]

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US$25 million of North Korean funds previously frozen in a Macau bank has been transferred to United States Federal Reserve|Federal Reserve in , and from there to a Russian bank and then into an account controlled by the North Korean government.

Pressure is mounting from the international community on the Pyongyang government to shut down its Yongbyong nuclear reactor.  North Korea has been refusing to move forward due to the freezing of these funds in 2005.
North Korea South Korea Asia Politics and conflicts Korean Peninsula Nuclear proliferation Economy and business