Russian President Dmitry Medvedev and North Korean leader Kim Jong-il reached a "common approach" on Pyongyang's Soviet-era debts on Wednesday, a Russian delegation source said. Medvedev and Kim met in Ulan-Ude, in East Siberia's Buryatia Region earlier in the day. "The leaders agreed on an approach toward solving this issue," the source said. Renewed talks on the issue had been going on for around six weeks, the source added. "The Russian delegation thinks that the fact that these talks have been renewed is a significant breakthrough toward solving this issue." The talks involve North Korea's $11 billion debt to Russia from the Soviet era, Deputy Finance Minister Sergei Storchak said on Wednesday.