Published October 28,2024
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North Korea‘s arms deliveries to Russia to be used in Russia’s battle in opposition to Ukraine quantity to as a lot as $5.5 billion, a examine printed on Monday from the Friedrich-Naumann Foundation discovered.
The report “Putin’s Partner” by the German basis, which is taken into account near the pro-business Free Democratic Party (FDP) headed by Finance Minister Christian Lindner, predicted that the worth of North Korea’s exports may improve by a whole lot of hundreds of thousands of {dollars} by a possible deployment of its troops to Ukraine.
For the examine, Olena Guseinova from Hankuk University of Foreign Studies in Seoul evaluated intelligence studies, leaked paperwork and ammunition costs from earlier North Korean arms offers. Based on this, she estimated the quantity of North Korean arms deliveries to Russia since February 2022, when Russia began the battle, to be between $1.7 billion and $5.5 billion.
North Korea doesn’t publish knowledge on its arms exports, making a extra correct estimate virtually unimaginable. According to the South Korean intelligence company, which bases its studies partly on satellite tv for pc pictures monitoring shipments between North Korea and Russia, North Korea primarily helps the Russian military with artillery shells and short-range missiles.
“The Ukraine war has worsened the security situation in East Asia. Russia and North Korea are working to destabilize the international order,” stated Frederic Spohr, head of the Friedrich Naumann Foundation Korea.
The South Korean central financial institution estimates that the whole quantity of North Korea’s gross home product (GDP) for the earlier yr at $23.7 billion, so $5.5 billion in exports to Russia would characterize almost 25% of North Korea’s GDP.
Source: www.anews.com.tr