Russia, N. Korea sign defence pact, vow to assist each other if attacked

Sub: Economy

Sec: Monetary Policy

Russia-North Korea Mutual Defence Pact:

Russian President Vladimir Putin and North Korean leader Kim Jong-un signed a partnership agreement promising mutual aid against aggression.
- The deal includes a clause requiring the countries to come to each other’s aid if either is attacked
The deal marks a significant upgrade in their relations, covering security, trade, investment, and cultural ties, and could be the strongest connection since the Cold War.

Summit Details:

Putin visited North Korea for the first time in 24 years.
The summit occurred amidst escalating tensions with the West and concerns over potential arms deals between North Korea and Russia.

Historical Context:

North Korea and the Soviet Union had a 1961 treaty requiring Soviet military intervention if North Korea was attacked, which was replaced by a weaker pact in 2000 after the USSR’s collapse.

Implications:

The U.S. and its allies worry North Korea might supply Russia with munitions for its war in Ukraine, in exchange for economic assistance and technology that could enhance North Korea’s nuclear capabilities.
Kim Jong-un described the deal as the “strongest ever treaty” between the two nations, indicating full support for Russia’s actions in Ukraine.
This partnership signals a significant geopolitical shift, potentially impacting global security dynamics.

Source: TH