February 08, 2023

Russia and North Korea agree in principle to build joint trade house

New trading house will attempt to boost bilateral trade between two nations

Amid an ongoing warming of relations, Russia and North Korea have agreed in principle to built a joint Asian trading house, Russia's embassy in North Korea announced on Tuesday.

The announcement followed bilateral talks in Pyongyang this week on the subject of energy, trade and railroad transport between Minister for Development of the Russian Far East Alexander Galushka and the North Korean Minister of Foreign Trade Ri Ryong Nam.