Current:Home > InvestNorth Korea and Russia may both benefit by striking trade deal: ANALYSIS -Horizon Finance School
North Korea and Russia may both benefit by striking trade deal: ANALYSIS
View
Date:2025-04-14 14:46:27
SEOUL -- As North Korea's Kim Jong Un arrives in Russia for a summit with President Vladimir Putin, the two appear ready to strike a deal that's cut clear and urgent for both sides.
North Korea needs Russian expertise in new weapons development, and Russia is in dire need of ammunition and military supplies to be delivered as soon as possible.
North Korea is well-equipped -- if not overloaded -- with self-propelled artillery and anti-tank missiles used in conventional warfare.
Delivery could be quick and fast through land using the Najin-Hasan Railway which connects the two countries.
MORE: Train carrying Kim Jong Un enters Russia en route to meeting with Vladimir Putin
North Korea and Russia also have similar weapons systems so they could be put to use right away. North Korea’s weapons development has been based on the former Soviet Union's weapons systems. For example, the two countries use same sized shells, which means the delivery could go directly to front lines.
As for Kim's North Korea, the wish list is long. It includes food, energy and fertilizers, which are all among Russia’s major export items. North Korea, which is in the middle of a food crisis, stands to benefit if those exports are part of a deal.
MORE: Top US general describes Putin with 'tin cup in hand' asking North Korea for munitions
North Korea also wants to send laborers to Russia since tens of thousands of workers abroad had to return home due to United Nations sanctions. Income from these laborers abroad was a considerable source of cash for Pyongyang. Such a trade would also works well for the Kremlin, as many young men have been drafted to the war leaving a huge sinkhole for laborers to support economic activities.
Top off North Korea’s wish list with Russian satellite technology, advanced weapons and nuclear-related technologies, all of which would drive a deal for the country.
But such a deal would certainly amount to alarming news for the outside world. With Russia potentially boosting North Korea, the level of threat and danger the region faces from intercontinental ballistic and other missiles would dramatically increase.
North Korea most of all wants the core strategic nuclear technology that Russia has, but experts believe that is unlikely to happen.
However, Russia could transfer technology so that North Korea could finally succeed in launching reconnaissance satellites.
North Korea’s attempts in May and August, two attempts that amounted to international embarrassment.
veryGood! (12943)
Related
- Tom Holland's New Venture Revealed
- Tia Mowry Shares Dating Experience With “Ghosting and Love Bombing” After Cory Hardrict Breakup
- Indiana attorney general sues hospital over doctor talking publicly about 10-year-old rape victim's abortion
- UAW's Shawn Fain threatens more closures at Ford, GM, Stellantis plants by noon Friday
- The city of Chicago is ordered to pay nearly $80M for a police chase that killed a 10
- UAW's Shawn Fain threatens more closures at Ford, GM, Stellantis plants by noon Friday
- WSJ reporter to appeal Russian detention Tuesday
- Heading for UN, Ukraine’s president questions why Russia still has a place there
- Scoot flight from Singapore to Wuhan turns back after 'technical issue' detected
- Hunter Biden sues IRS over whistleblowers who criticized DOJ probe
Ranking
- Arkansas State Police probe death of woman found after officer
- Gov. Healey of Massachusetts announces single use plastic bottle ban for government agencies
- Dominican Republic’s president stands resolute on his closing of all borders with Haiti
- Most Americans view Israel as a partner, but fewer see it as sharing US values, AP-NORC poll shows
- Trump invites nearly all federal workers to quit now, get paid through September
- Oprah chooses Wellness: A novel by Nathan Hill as new book club pick
- Why Alabama's Nick Saban named Jalen Milroe starting quarterback ahead of Mississippi game
- Delivery driver bitten by venomous rattlesnake
Recommendation
Paige Bueckers vs. Hannah Hidalgo highlights women's basketball games to watch
A second man accused of hanging an antisemitic banner on a Florida highway overpass is arrested
Bear captured at Magic Kingdom in Disney World after sighting in tree triggered closures
Hurricane Idalia sent the Gulf of Mexico surging up to 12 feet high on Florida coast
San Francisco names street for Associated Press photographer who captured the iconic Iwo Jima photo
Another option emerges to expand North Carolina gambling, but most Democrats say they won’t back it
Military drone crashes during test flight in Iran, injuring 2
UK inquiry: Migrants awaiting deportation are kept ‘in prison-like’ conditions at a detention center