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N Korea refuses to join Nuclear talks

By Jishpar     Mar 21, 2007 in World
North Korea did not join the six-nation talks on its nuclear program in a dispute over $25 million of its funds, dimming prospects for progress on getting the communist regime to disarm.
North Korea boycotted the six-nation talks for more than a year after Washington blacklisted the tiny, privately run bank on suspicion the funds were connected to money-laundering or counterfeiting.
Even though NK refused to talk about its nuclear program Christopher Hill, the chief American envoy met Kim Kye Gwan, his North Korean counterpart and talked about the goals outlined in a landmark February 13 disarmament agreement were in vain.
Hill didnot give any results about his talks with Kim. He only told that the "we are still on the track".
The officials Daniel Glaser -US Deputy Assistant Treasury Secretary announced on monday the they are going to transfer the funds to beijing account and it is up to the Monetary Authority of Macau, a Chinese territory, to release the funds.
Michelle Wai, an official with the authority, said she had no information on when the funds would be unfrozen.
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