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

A relatively modest arms deal would help lift the country’s cash-starved and stagnant economy into growth. - AFP: 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.

Meanwhile, Kim’s seemingly lucrative forays into crypto-currency theft may now be facing a squeeze after the collapse of digital-asset exchange FTX. The US hasn’t provided details on the amount of weapons it believes North Korea has sent to Russia. But the Biden administration said when it first made the accusations in September the Kremlin wanted to buy millions of rockets and artillery shells.

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% to North Korea’s gross domestic product.

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