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Russia Forgives North Korean Debt

Analysts say Moscow's decision to forgive most of North Korea's debt is aimed at clearing a path through the secretive state for a natural gas pipeline from Russia to South Korea. Russian President Vladimir Putin last month forgave 90 percent of North Korea's $11 billion debt. He also allowed Pyongyang to use payments on its remaining debt balance for health, education and energy programs of its own. Several experts say they believe this is an attempt by Russia to win favor...

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