For 43 years, Sweden Hasn’t Forgotten North Korea’s Debt of $73 million, Now $330m

west barrage north korea

Sweden reminds North Korea twice every year about its 43-year-old debt to the publicly-funded Swedish Export Credit Agency (EKN), a government agency serving as credit insurer for company‚Äôs trade deals. Back in 1974 North Korea began importing equipment from Western industrialized countries to expand its access to foreign capital and technology. The country promised to pay…

Author: HEDGE

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