InfoAnda - NKorea got $2.2B under failed disarmament deals

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Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Australia China India Indonesia Japan Malaysia Philippines Thailand Vietnam NKorea got $2.2B under failed disarmament deals AP - Tuesday, October 6 Send IM Story Print SEOUL, South Korea – North Korea has received the equivalent of about $2.2 billion under deals aimed at persuading the isolated nation to dismantle its nuclear facilities, a South Korean lawmaker said Monday, in what his office says is the first accounting of the cost of the failed strategy. The U.S. promised the North two light-water reactors that would produce nuclear power under a 1994 deal to freeze its atomic program, which Washington and its allies feared was meant to create weapons not energy. Until the reactors were built, the powers agreed to furnish the impoverished North with an annual supply of 500,000 tons of heavy fuel oil. When the U.S. accused North Korea in 2002 of restarting its atomic program, the deal was scrapped and Pyongyang expelled nuclear inspectors. But before that, the equivalent of nearly $2 billion flowed into North Korea, ruling Grand National Party lawmaker Kwon Young-se said in a statement. South Korea spent $1.15 billion, Japan $410 million and the EU $18 million on the reactors. Meanwhile, the U.S. sent $400 million worth of fuel oil to the North. In 2007, however, China, Japan, Russia, South Korea and the U.S. tried again, promising the North 1 million tons of fuel oil and other concessions in return for disablement. So far, 745,000 tons of oil _ estimated to be worth $310 million _ have been shipped to the North under the new deal, the statement said. But the disablement process came to halt again last year as Pyongyang wrangled with Washington over how to verify its account of past atomic activities. Chinese Premier Wen Jiabao is visiting the North this week, and many are watching the trip for signs that he will persuade Pyongyang to return to disarmament talks. Kwon expressed frustration with the deals, which have lavished aid and support on the North without succeeding in getting the regime to retire its nuclear ambitions. "The key strategy in the North's nuclear disarmament process is to yield an agreement that North Korea cannot reverse," Kwon said in the statement. Kwon's office said they calculated the figures based on data submitted by the South Korean Foreign Ministry. Ministry officials confirmed the figures on the 1994 deal, but said that they only gave the amount of fuel oil sent to the North under the 2007 deals as it was hard to figure out their exact price due to fluctuating oil prices at the time. In addition to the money it was given in the disarmament-for-aid deals, the North has also received nearly 4 trillion won ($3.4 billion) of food, fertilizer and other humanitarian aid from the U.S., South Korea and international organizations over the past 10 years, Kwon's office said. Recommend Send IM Story Print Related Articles New Zealand struggle to 200-9 in Champions Trophy final AFP - Tuesday, October 6 Dalai Lama aide defends aloof Obama AFP - Tuesday, October 6 Suicide bomber kills 5 at UN office in Pakistan AP - Tuesday, October 6 Five dead as suicide blast hits UN Islamabad office AFP - Tuesday, October 6 Pakistan's Taliban chief alive, meets reporters Reuters - Tuesday, October 6 News Search Top Stories Trio win Nobel Medicine Prize for research into ageing Furious farmers bring Brussels to a standstill Unemployment to peak in 8-12 months: IMF chief Argentina mourns as folk legend Mercedes Sosa dies Brazil joins emerging-nation boost to IMF funds More Top Stories » ADVERTISEMENT Most Popular Most Viewed Most Recommended Mother in plea to Elton John over adoption plan T-Rex fails to impress Las Vegas bidders 13 million premature births worldwide: US charity Victorious F1 driver Vettel now looks to Brazil Nobel guessing game at fever pitch More Most Viewed » Ozone hole smaller in 2009 than 2008: WMO Nanoparticles could pose threat to humans: scientists Oldest hominid skeleton sheds light on human origins Implanted tooth helps blind US woman recover sight More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Asia Entertainment Photos Copyright © 2009 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

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