Current:Home > FinanceNorth Korea and Russia may both benefit by striking trade deal: ANALYSIS -Dynamic Money Growth
North Korea and Russia may both benefit by striking trade deal: ANALYSIS
Chainkeen Exchange View
Date:2025-04-11 10:10:31
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! (232)
Related
- What were Tom Selleck's juicy final 'Blue Bloods' words in Reagan family
- 2023 was a tragic and bizarre year of wildfires. Will it mark a turning point?
- Challengers attack Georgia’s redrawn congressional and legislative districts in court hearing
- ICHCOIN Trading Center: Crisis Eases, Bull Market Strengthens
- 'As foretold in the prophecy': Elon Musk and internet react as Tesla stock hits $420 all
- Honda recalls 106,000 CR-V hybrid SUVs because of potential fire risk. Here's what to know.
- The Denver Zoo didn't know who the father of a baby orangutan was. They called in Maury Povich to deliver the paternity test results
- In federal challenge to Mississippi law, arguments focus on racial discrimination and public safety
- Retirement planning: 3 crucial moves everyone should make before 2025
- DEI under siege: Why more businesses are being accused of ‘reverse discrimination’
Ranking
- North Carolina trustees approve Bill Belichick’s deal ahead of introductory news conference
- Coal mine cart runs off the tracks in northeastern China, killing 12 workers
- ‘Total systemic breakdown': Missteps over years allowed Detroit serial killer to roam free
- Oil companies offer $382M for drilling rights in Gulf of Mexico in last offshore sale before 2025
- 'As foretold in the prophecy': Elon Musk and internet react as Tesla stock hits $420 all
- Mexico’s president predicts full recovery for Acapulco, but resort residents see difficulties
- Too late to buy an Apple Watch for Christmas? Apple pauses Ultra 2, Series 9 sales
- US historians ID a New Mexico soldier killed during WWII, but work remains on thousands of cases
Recommendation
The Best Stocking Stuffers Under $25
‘Total systemic breakdown': Missteps over years allowed Detroit serial killer to roam free
South Korean court orders 2 Japanese companies to compensate wartime Korean workers for forced labor
Judge weighs request to stop nation’s first execution by nitrogen, in Alabama
Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
Land of the free, home of the inefficient: appliance standards as culture war target
Tweens used to hate showers. Now, they're taking over Sephora
Michigan receives official notice of allegations from NCAA for recruiting violations