North Korea could get a vital lifeline from arms sales to Russia |

Malaysia News News

North Korea could get a vital lifeline from arms sales to Russia |
Malaysia Latest News,Malaysia Headlines
  • 📰 BusinessMirror
  • ⏱ Reading Time:
  • 79 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 35%
  • Publisher: 59%

Russia’s hunt for weapons to fire at Ukraine could provide a lifeline for North Korea, where even a relatively modest arms deal would help lift the country’s cash-starved and stagnant economy into growth.

The US made fresh accusations this month that Kim Jong Un is providing arms and ammunition to aid Putin’s war, including sending shells and rockets. While the Biden administration said the weapons won’t do much to alter the battlefield, the sales would open a new stream of revenue to a country isolated from much of world trade.

One thing Kim does have in abundance is weaponry, especially the crude 20th-century artillery experiencing something of a revival on the frontlines of Ukraine. North Korea possesses untold stores of munitions to supply what the International Institute of Strategic Studies estimates is an arsenal of more than 21,600 artillery pieces, a force that has for decades held Seoul under the threat of Mariupol-like devastation.

National Security Council spokesman John Kirby told a news briefing about a week ago there was evidence the Wagner Group, a paramilitary organization heavily involved in the effort to capture the eastern Ukrainian city of Bakhmut, was receiving deliveries of North Korean and equipment. He displayed two photographs that purported to show Russian rail cars traveling to North Korea.

A major deal could be worth hundreds of millions of dollars, Oliemens said, adding, “it would make sense for Russia to first acquire smaller batches first,” and assess their quality and effectiveness before committing to a larger purchase. It wouldn’t take much—payments totaling less than $320 million—to add 1 percent to North Korea’s gross domestic product.

“There are both economic and political incentives for North Korea to supply arms to Russia, and the two may be intertwined,” said Naoko Aoki, an associate political scientist at the Rand Corp. in Washington. North Korea’s need for hard currency is the most obvious economic reason but Pyongyang could be compensated in other ways, including fuel shipments, she said.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

BusinessMirror /  🏆 19. in PH

Malaysia Latest News, Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

NATO's chief urges South Korea to step up military support for UkraineNATO's chief urges South Korea to step up military support for UkraineNATO Secretary-General Jens Stoltenberg is in Seoul, the first stop on a trip that will include Japan and is aimed at strengthening ties with US allies in the face of the war in Ukraine and rising competition with China.
Read more »

NATO chief asks South Korea to 'step up' military support for UkraineNATO chief asks South Korea to 'step up' military support for UkraineSEOUL: NATO Secretary General Jens Stoltenberg asked South Korea on Monday to 'step up' military support for Ukraine, suggesting it reconsider its policy of not exporting weapons...
Read more »

NATO’s chief urges South Korea to step up military support for UkraineNATO’s chief urges South Korea to step up military support for UkraineNATO Secretary-General Jens Stoltenberg urged South Korea on Monday to increase military support to Ukraine, citing other countries that have changed their policy of not providing weapons to countries in conflict after Russia’s invasion. | Reuters
Read more »

NATO chief asks South Korea to ‘step up’ military support for UkraineNATO chief asks South Korea to ‘step up’ military support for UkraineNATO Secretary General Jens Stoltenberg asked South Korea on Monday to "step up" military support for Ukraine, suggesting it reconsider its policy of not exporting weapons to countries in conflict.
Read more »

South Korea’s indoor masking eased, with hope, confusionSouth Korea’s indoor masking eased, with hope, confusionSouth Korea has lifted mandatory masking at most indoor spaces except for on public transportation and at hospitals. But confusion lingered among students, teachers and workers, demanding accurate and detailed guidelines. | AsiaNewsNetwork
Read more »

Nato’s Stoltenberg arrives in South Korea to deepen alliance’s ties in AsiaNato’s Stoltenberg arrives in South Korea to deepen alliance’s ties in AsiaNato Secretary General Jens Stoltenberg has arrived in Seoul, the first stop on a trip aimed at strengthening the alliance’s ties with U.S. allies in South Korea and Japan in the face of the war in Ukraine and rising competition with China. | Reuters
Read more »



Render Time: 2025-03-06 08:55:24