Selloff or Market Correction? Either Way, Here's What to Do NextSee Overvalued Stocks

North Korea's Kim to meet Putin as Russia to discuss weapons sales-NYT

Published 09/04/2023, 07:08 PM
Updated 09/05/2023, 04:45 AM
© Reuters. North Korean leader Kim Jong Un shakes hands with Russian President Vladimir Putin in Vladivostok, Russia in this undated photo released on April 25, 2019 by North Korea's Central News Agency (KCNA). KCNA via REUTERS

(Reuters) -North Korean leader Kim Jong Un plans to travel to Russia this month to meet President Vladimir Putin and discuss supplying Moscow with weapons for the war in Ukraine, the New York Times reported.

In a rare trip abroad, Kim would travel from Pyongyang, probably by armoured train, to Vladivostok, on the Pacific Coast of Russia, where he would meet Putin, the Times reported on Monday, citing U.S. and allied sources.

White House national security spokesman John Kirby (NYSE:KEX) said on Aug. 30 that the United States was concerned that arms negotiations between the two countries were advancing.

While in Vladivostok, a port city not far from North Korea, the two leaders would discuss Kim's sending Russia artillery shells and anti-tank missiles in exchange for Moscow's advanced technology for satellites and nuclear-powered submarines, the newspaper reported.

At a time when the United States has expressed concern about growing military ties between the two countries, the news of Kim's planned visit came after Russia said it was discussing holding joint military exercises with North Korea.

"Why not, these are our neighbours. There's an old Russian saying: you don't choose your neighbours and it's better to live with your neighbours in peace and harmony," Interfax news agency quoted Russia's Defence Minister, Sergei Shoigu, as saying on Monday.

When asked about the possibility of joint exercises between the two countries, he said "of course" they were being discussed, it said.

South Korean news agency Yonhap earlier cited South Korea's intelligence agency as saying Shoigu, who visited Pyongyang in July, had proposed to Kim that their countries hold a naval exercise, along with China.

COLD WAR ALLIES

It would be notable if Kim travels to Russia, rather than his main ally and trade partner China, for his first overseas trip since before the COVID-19 pandemic, said Andrei Lankov, a North Korea expert at Seoul's Kookmin University.

The actual military and economic value of any deal is debatable, but discussions would likely lead to at least some military cooperation and an increase in North Korean workers in Russia, while both sides would seek to send political messages to Washington, he said.

For Moscow "it is basically about sending a signal to Washington that Russia is capable of creating some additional trouble for the United States in east Asia," Lankov said.

"Without the Ukraine war, Russia would not care about North Korea," he added.

While Kim might hope for some kind of arms sales or economic aid, his main goal from such a meeting would be to demonstrate that he too has international backing as the United States, South Korea, and Japan deepen ties and displays of military power, Lankov said.

"He wants to show he has friends," he said.

South Korea's foreign ministry said on Tuesday it was monitoring developments and said United Nations member states should not violate sanctions, including through arms deals.

"In particular, military cooperation with North Korea, which undermines the peace and stability of the international community, should not take place," a spokesperson told a briefing.

The Kremlin said last week that Moscow intends to deepen its "mutually respectful relations" with Pyongyang, one of its close Cold War allies and also one of a small handful of countries to back Russia's proclaimed annexation of parts of Ukraine in 2022.

The New York Times reported that Kim could possibly go to Moscow, although that was not certain.

Kim's father, the reclusive Kim Jong Il who famously shunned planes and travelled by armoured train only, last visited Russia just months before his death in 2011.

Shoigu visited North Korea for the 70th anniversary of the end of the Korean War in July, celebrated in North Korea as "Victory Day," with South Korea's National Intelligence Service saying that he appeared to have held a private meeting with Kim, Yonhap reported.

The United States said last week it was concerned that arms negotiations between Russia and North Korea were advancing actively, and that Shoigu had tried during his visit to convince Pyongyang to sell artillery ammunition to Russia.

On Saturday, Russia's ambassador to North Korea, Alexander Matsegora, told TASS news agency that he was not aware of any plans for North Korea to participate in trilateral military drills with China and Russia, but that in his opinion it would be "appropriate" in light of U.S.-led exercises in the region.

Russia and North Korea have recently called for closer military ties but North Korea has denied having any "arms dealings" with Russia.

The United States recently imposed sanctions on three entities it accused of being tied to arms deals between North Korea and Russia.

© Reuters. North Korean leader Kim Jong Un shakes hands with Russian President Vladimir Putin in Vladivostok, Russia in this undated photo released on April 25, 2019 by North Korea's Central News Agency (KCNA). KCNA via REUTERS

North Korea has conducted six nuclear tests since 2006 and had been testing various missiles over recent years but it rarely holds military exercises with its neighbours.

The United States and its ally, South Korea, hold regular military exercises, which North Korea denounces as preparations for war against it.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.