Analysis: Why Kim Jong Un wants relief from 'maximum pressure' sanctions
A long-running dispute about the U.S.-led economic sanctions on North Korea is what broke down the talks, President Trump said. By Adam Taylor Adam Taylor Foreign reporter who writes about a variety of subjects Email Bio Follow February 28 at 9:25 AM President Trump’s talks in Hanoi with North Korean leader Kim Jong Un were expected to produce at least symbolic results.
Nuclear negotiator Kim Yong Chol told Secretary of State Mike Pompeo in May that Pyongyang’s shift away from weapons was “not a result of sanctions that have been imposed from outside.” Last July, the Seoul-based Bank of Korea estimated the North Korean economy had seen its biggest decline in two decades, with the country’s real annual gross domestic product falling by 3.5 percent in 2017. Notably, the Bank of Korea estimated North Korea’s exports declined 37.2 percent in a single year.
There is “no sense of widespread, general crisis is visible in the data,” Katzeff Silberstein wrote, but “the regime is likely under a great deal of stress concerning the economy.”
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