Russia faces North Korea-level sanctions, but can't escape them like Pyongyang



Analysis Russia faces North Korea-level sanctions, but can’t escape them like Pyongyang Russia’s economy is far larger and more connected to the rest of the world than the DPRK’s Peter Ward April 26, 2022 SHARE COPY LINK FACEBOOK X LINKEDIN MASTODON North Korean leader Kim Jong Un (left) meets his Russian counterpart Vladimir Putin for a summit in Russia's Far East city of Vladivostok, April 2019 North Korea has so far managed to avoid economic collapse as a result of sanctions. These sanctions have frozen North Korean overseas assets, locked the country out of the global financial system, and are even designed to prevent it from exporting its most marketable commodities. Why will Russia be more hurt (and more quickly) by similar kinds of sanctions? NK Pro analysis casts doubt on Russia’s ability to follow the North Korean path. Scale and size: North Korea was so much poorer and smaller than Russia before it was sanctioned. This makes sustaining the status quo circa Read More © Korea Risk Group. All rights reserved. No part of this content may be reproduced, distributed, or used for commercial purposes without prior written permission from Korea Risk Group. LATEST ANALYSIS 01Suspected North Korean drone base and factory face construction slowdown 02Lessons from chaos: What Kim Jong Un sees in an era of global turmoil 03In 2024, Kim Jong Un swaggered on the global stage like never before 04Military dominates Kim Jong Un’s attention in his busiest year in nearly decade 05How Trump’s return could transform North Korea’s quiet ties with Thailand 06How Assad’s downfall could expose secrets of North Korea-Syria military ties 07All the companies that participated in the Pyongyang Autumn Trade Fair 2024 08No Chinese firms joined North Korea’s latest trade fair dominated by Russia

Analysis

Russia faces North Korea-level sanctions, but can’t escape them like Pyongyang

Russia’s economy is far larger and more connected to the rest of the world than the DPRK’s

Peter Ward April 26, 2022

Russia faces North Korea-level sanctions, but can’t escape them like Pyongyang

North Korean leader Kim Jong Un (left) meets his Russian counterpart Vladimir Putin for a summit in Russia's Far East city of Vladivostok, April 2019

North Korea has so far managed to avoid economic collapse as a result of sanctions. These sanctions have frozen North Korean overseas assets, locked the country out of the global financial system, and are even designed to prevent it from exporting its most marketable commodities. Why will Russia be more hurt (and more quickly) by similar kinds of sanctions? NK Pro analysis casts doubt on Russia’s ability to follow the North Korean path.

Scale and size: North Korea was so much poorer and smaller than Russia before it was sanctioned. This makes sustaining the status quo circa

01Suspected North Korean drone base and factory face construction slowdown
02Lessons from chaos: What Kim Jong Un sees in an era of global turmoil
03In 2024, Kim Jong Un swaggered on the global stage like never before
04Military dominates Kim Jong Un’s attention in his busiest year in nearly decade
05How Trump’s return could transform North Korea’s quiet ties with Thailand
06How Assad’s downfall could expose secrets of North Korea-Syria military ties
07All the companies that participated in the Pyongyang Autumn Trade Fair 2024
08No Chinese firms joined North Korea’s latest trade fair dominated by Russia

Russia faces North Korea-level sanctions, but can’t escape them like Pyongyang

LATEST ANALYSIS

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Peter Ward