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There is recognition on all the three sides that as long as tough international sanctions on N.Korea are in place, no large-scale economic projects w/ the North are possible.
Russia's deputy FM Igor Morgulov and Song Young-gil (a prominent figure in S.Korea's Democratic Party and close associate of President Moon) had the same message: the sanctions regime on NK needs to be relaxed as soon as possible. They are clearly in favor of "minimum pressure."
Gazprom's deputy CEO Alexander Medvedev said Russia, NK and SK are preparing to launch a feasibility study on a Trans-Korean pipeline designed to bring Russian natural gas to SK via the North.
However, Medvedev's remarks on the pipeline prospects were very cautious and noticeably lacked enthusiasm. Gazprom does not seem keen to pursue a Trans-Korean pipeline. Its current priorities in Asia are the Power of Siberia pipeline to China and LNG projects.
Railway projects between Russia, NK and SK seem to hold the most promise. This was underlined by the presence on the panel of the DPRK's vice minister of railways who confirmed NK's interest in a Trans-Korean railway and its connection to Russia's Trans-Siberian.
Russia's deputy minister of the Far East development Alexander Krutikov spoke of the potential of medium and small projects between Russia, NK, SK in areas such as agriculture, tourism and trade.
According to Krutikov, one project under active consideration is an electronic exchange to facilitate trade between Russia and N.Korea. The e-exchange would somehow link up Russia's internet with DPRK's intranet.
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