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Money Trail Leads To North Korean Deal

By Greg Atwan, Newser User

Posted Apr 12, 2007 1:50 PM CDT

(Newser) – Freezing accounts in a small bank in Macau 18 months ago was key to the recent U.S. success in negotiating an end to North Korea's nuclear program, the Journal reports. Tracing the "saga of bluff and brinkmanship" that led to the deal, the Journal shows the Bush administration deploying financial maneuvers to manage a difficult regime.

U.S. and Chinese officials released the $25 million account this week, and Bill Richardson, just back from the Korean peninsula, says Pyongyang will "move promptly, within a day, after receiving the funds" to shut down its Yongbyon missile site. The same strategy is now being implemented against Iran.

(FILES) This DigitalGlobe satellite image shot 11 September,... (Getty Images)

Six-Party North Korea Energy Aid Talks (Getty Images)

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North Korea Hands Nuclear Docs to US

Move may show improved relations between the countries

US Knew About Israel's Raid on Syria in Advance

Shared intelligence on suspected nukes led to mysterious airstrike

Isolated and Destitute, North Korea Limps On

Reporters granted rare visit with Richardson

South Korea Pokes at North With Christmas Tree

Also, Bill Richardson: North has agreed to nuclear inspections

North Korea: Cancel Drills, or We'll Attack Again

South Korea plans more drills on Yeonpyeong Island

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OTHER STORIES ON OUR RADAR

Bush administration • North Korea • Bill Richardson • Macau • nuclear program

MOST POPULAR STORIES

[ By Views ]

[ By Comments ]

More Newser Stories

North Korea Hands Nuclear Docs to US

Move may show improved relations between the countries

US Knew About Israel's Raid on Syria in Advance

Shared intelligence on suspected nukes led to mysterious airstrike

Isolated and Destitute, North Korea Limps On

Reporters granted rare visit with Richardson

South Korea Pokes at North With Christmas Tree

Also, Bill Richardson: North has agreed to nuclear inspections

North Korea: Cancel Drills, or We'll Attack Again

South Korea plans more drills on Yeonpyeong Island

About Us

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Newser By Users

Community

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What is Newser?