North Korean Supreme leader Kim Jong Un and Russian president Vladimir Vladimirovich Putin may signed decree on partnership on military cooperation aimed at bolstering diplomatic relations between the two socialist nations.
GLOBAL TRACKER recalled yesterday that Mr. Putin is scheduled to travel North Korea for a two-day state visit aimed at improving economic status of the two nations.
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The agreement which is expected to reached between the two nations includes Military cooperation and arms trade, Economic collaboration, including energy and trade, Cultural and scientific exchanges and Mutual support in international affairs.
The partnership signals a deepening of ties between the two nations, potentially countering the influence of the United States and its allies in the region.
This decree solidifies the commitment of both nations to a long-term partnership, fostering greater cooperation and mutual support.
Meanwhile, North Korea is expected to expressed interest in joining BRICS, breaking its long-standing geopolitical isolation.
This move aligns with BRICS’ goal to counter US dollar dominance by developing an alternative currency.
However, there are more moderate members of BRICS countries, like India, who may have an issue with Kim joining.
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Putin’s visit to North Korea fuels speculation about strategic alliances and economic partnerships.
Korean Herald, News International was quoted as saying that engaging with BRICS could help North Korea bypass Western sanctions and access alternative payment systems.
The Kremlin did hint ahead of Putin’s arrival in North Korea that an “alternative payment” system could be on the agenda.