Current:Home > StocksNorth Korea and Russia may both benefit by striking trade deal: ANALYSIS -AssetTrainer
North Korea and Russia may both benefit by striking trade deal: ANALYSIS
View
Date:2025-04-27 17:13:12
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! (3)
Related
- Elon Musk's skyrocketing net worth: He's the first person with over $400 billion
- Nicki Minaj, SZA, more to join J. Cole for Dreamville Festival 2024. See the full lineup.
- Driver pleads guilty to reduced charge in Vermont crash that killed actor Treat Williams
- Revisiting Zendaya’s Award-Worthy Style Evolution
- North Carolina justices rule for restaurants in COVID
- In rights landmark, Greek novelist and lawyer are the first same-sex couple wed at Athens city hall
- 2 American men are back in Italian court after convictions in officer slaying were thrown out
- Taylor Swift and Travis Kelce Kick Off Singapore Reunion With a Kiss
- US wholesale inflation accelerated in November in sign that some price pressures remain elevated
- In State of the Union, Biden urges GOP to back immigration compromise: Send me the border bill now
Ranking
- Who's hosting 'Saturday Night Live' tonight? Musical guest, how to watch Dec. 14 episode
- Pencils down: SATs are going all digital, and students have mixed reviews of the new format
- How to save money on a rental car this spring break — and traps to avoid
- This grandma lost her grip when her granddaughter returned from the Army
- Realtor group picks top 10 housing hot spots for 2025: Did your city make the list?
- Pentagon study finds no sign of alien life in reported UFO sightings going back decades
- Democrat Min to face Republican Baugh in California’s competitive 47th Congressional District
- Kylie Kelce Proves She’ll Always Be Jason Kelce’s Biggest Cheerleader in Adorable Retirement Tribute
Recommendation
Hackers hit Rhode Island benefits system in major cyberattack. Personal data could be released soon
Biden to announce construction of temporary port on Gaza coast for humanitarian aid
Kane Brown recalls 'wild' vasectomy experience, finding out wife Katelyn's surprise pregnancy
The Skinny Confidential's Mouth Tape With a 20K+ Waitlist Is Back in Stock!
The city of Chicago is ordered to pay nearly $80M for a police chase that killed a 10
Women’s mini-tour in Florida changes to female-at-birth policy
Australia man who allegedly zip tied young Indigenous children's hands charged with assault
Kirk Cousins, Chris Jones, Saquon Barkley are among the star players set to test NFL free agency