In 1974, it bought north Korea a thousand-floor volvo of 600 million Swedish kronor, equivalent to 426 million Danish kroner.
the Money has not been paid yet, and because of the interest is the amount now reached the 2.8 billion Swedish kroner, which corresponds to almost two billion Danish kroner.
It writes Sveriges Radio.
Sweden was the first western country that established diplomatic relations with north Korea.
In 1944 they entered into an agreement on a larger industripakke, where the deal with the 1000 Volvo 144 among other things, were included.
– unfortunately, We have not seen any payments since the end of the eighties, ” says Stefan Karlsson, who is chief analyst at Eksportkreditudvalget in Sweden, to Sveriges Radio.
Eksportkreditudvalget corresponds to the state-owned EKF in Denmark. EKF helps Danish companies to trade outside the country’s borders by taking responsibility and advise the Danish company through a trade.
If not money in a trade being paid, it is EKF’s and the state’s responsibility to collect the money again.
And when Volvo was insured with the Swedish Eksportkreditudvalg, it is the state that has the responsibility to collect the money again.
But there is probably a long time before the swedes see the shadow of north Korean money.
– Taken in view of North korea’s economic situation, then the probability is currently quite low. But the Swedish state and Eksportkreditudvalget look long-term, and we hope that they will pay what they owe, ” says Stefan Karlsson for the Swedish Radio.
despite the lack of payments from 1974 driving the cars still in the north Korean capital of Pyongyang. It shows a tweet from the Swedish embassy from 2016.
Still going strong. One of the Volvo’s from the yr 1974 still unpaid for by the DPRK. Running as taxi in Chongjin w almost half a million km on the odo! pic.twitter.com/2FaMpnPow7
— Sweden in Pyongyang (@SwedenDPRK) 21. October 2016
