Business A.M
No Result
View All Result
Thursday, March 12, 2026
  • Login
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
Subscribe
Business A.M
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
No Result
View All Result
Business A.M
No Result
View All Result
Home Asia

Why North Korea’s economy survives sanction after sanction

by Admin
December 9, 2017
in Asia, Asia

A lot of US allies aren’t following through on their promises.

The Trump administration has sought to rein in North Korea’s nuclear program by passing tougher and tougher sanctions designed to punish its economy. A new study shows why that isn’t working.

A whopping 49 countries have violated UN Security Council sanctions imposed on North Korea between March 2014 and September 2017, according to a report from the Institute for Science and International Security, a nonpartisan Washington think tank focused on nuclear non-proliferation.

Drawing from UN data, the study found that countries ranging from poor and isolated nations like Angola to wealthier global powers like Germany have ignored a wide variety of measures banning economic activity and military ties with the hermit kingdom.

It’s already difficult for the US to pass harsh sanctions against Pyongyang at the UN because China and, to a lesser extent, Russia, have watered down or vetoed Security Council sanctions because they want to prevent North Korea from becoming too unstable or collapsing.

That’s frustrated the Trump administration, which has been pressuring China to take stronger measures against North Korea to de-escalate Washington’s nuclear standoff with Pyongyang. That hasn’t worked as much as Trump wants, and tensions between the US and North Korea have spiked in recent weeks as the leaders of both countries talk openly about war and North Korea continues to develop missiles capable of hitting the mainland US.

But this study underscores how even when China and Russia allow sanctions through, it’s very difficult to get countries to actually comply with the measures they’ve formally agreed to support.

Various countries have failed to observe different kinds UN sanctions. A number of them have participated in banned financial transactions and other business activities with North Korea, a group which includes Brazil, China, Egypt, Germany, India, Iran, Russia, Singapore, Sri Lanka, the United Arab Emirates, and others.

Some countries import goods and minerals from North Korea that they’re not supposed to, a group that includes China, Egypt, France, Germany, India, Indonesia, Iran, Ireland, Mexico, Philippines, and Vietnam, and others.

Another group — which includes Brazil, China, Egypt, Greece, and Japan — has helped North Korea with the tricky business of shipping materials in and out of its country illicitly.

And the fourth major group highlighted is countries that have military ties with North Korea — participating in arms trading or military training. These tended to be poorer countries, including Angola, Cuba, the Democratic Republic of the Congo, Eritrea, Mozambique, Tanzania, Myanmar, and Syria.

There are a lot of violators, but keep your eye on China

The report doesn’t indicate the exact dates of these violations, so it’s unclear if the number of violations have changed since the Trump administration took office in January. The Trump administration has made isolating North Korea a major diplomatic priority in the past year, and could be making countries more attentive to whether or not they’re violating UN sanctions; many countries may fear that they themselves could become the target of future unilateral US sanctions if they neglect the UN ones too obviously.

But nonetheless the sheer number of countries willing to flout the UN sanctions — and the fact that so many of them are key US military allies — is a sober reminder of how sanctions are a highly imperfect tool for applying pressure to North Korea’s economy.

While almost all UN members pay lip service to the notion that they’re following the letter of international law, far fewer are delivering on those pledges.

The report raises the question of how many countries are already violating the last two rounds of UN sanctions passed against North Korea in recent months, which combined with previous penalties, cumulatively embargo 90 percent of North Korea’s publicly reported exports.

It’s important, however, to not lose sight of the most important name on those lists: China.

China is North Korea’s lifeline to the world, providing it with the vast majority of its food and energy, and is the source of 90 percent of North Korea’s foreign trade. Beijing’s past violations of UN sanctions have certainly contributed to the surprising resilience and growth of North Korea’s economy in recent years.

China has historically pushed back against the harshest economic punishments that the US proposes on North Korea because it doesn’t share the US’s interests on the matter. Beijing certainly doesn’t like the escalating talk of war between President Trump and North Korea’s leader, Kim Jong Un, but ultimately it isn’t as worried about North Korea’s nuclear program as it is about the potential collapse of the country itself. Such a collapse would create a refugee crisis on the Korean Peninsula and likely send millions of North Koreans pouring across the Chinese–North Korean border.

China also believes the US would dramatically increase its military presence in the region to deal with the fallout from the collapse and to secure North Korea’s nuclear weapons. A US military presence on China’s border is not something China’s leaders want to see anytime soon. As a result, China helps prop up the North Korean leadership knowing that a stable North Korea serves as a strategic buffer for itself.

New data from China indicates that it has curbed its imports of North Korean coal and other minerals in recent months. Trump’s consistent pressure on Beijing to help suffocate North Korea’s economy in light of its rapidly advancing nuclear program could be working to some degree.

But with China, analysts say it’s important to wait and see: There’s always the potential that, behind the scenes, North Korea is simply finding new ways to do business with Beijing.


Courtesy Vox media

Admin
Admin
Previous Post

Fitch cuts Nigeria’s 2017 economic growth forecast to 1% from 1.50%

Next Post

£5.3m plot on a Caribbean island to be marketed only in cryptocurrency, says owner

Next Post

£5.3m plot on a Caribbean island to be marketed only in cryptocurrency, says owner

  • Trending
  • Comments
  • Latest
Igbobi alumni raise over N1bn in one week as private capital fills education gap

Igbobi alumni raise over N1bn in one week as private capital fills education gap

February 11, 2026

CBN to issue N1.5bn loan for youth led agric expansion in Plateau

July 29, 2025

How UNESCO got it wrong in Africa

May 30, 2017

Glo, Dangote, Airtel, 7 others prequalified to bid for 9Mobile acquisition

November 20, 2017

6 MLB teams that could use upgrades at the trade deadline

Top NFL Draft picks react to their Madden NFL 16 ratings

Paul Pierce said there was ‘no way’ he could play for Lakers

Arian Foster agrees to buy books for a fan after he asked on Twitter

Study ranks New Zealand, Japan among safest countries if global war erupts

Study ranks New Zealand, Japan among safest countries if global war erupts

March 12, 2026
AI, cloud shift redefining skills for next-generation software developers 

AI, cloud shift redefining skills for next-generation software developers 

March 12, 2026
Crude oil dips amid muted market response to EU Russian sanctions

Oil climbs toward $100 as tanker attacks heighten Middle East supply fears

March 12, 2026
Nigeria’s non-oil export earnings jump to N12.36trn amid diversification drive

Nigeria’s non-oil export earnings jump to N12.36trn amid diversification drive

March 11, 2026

Popular News

  • Igbobi alumni raise over N1bn in one week as private capital fills education gap

    Igbobi alumni raise over N1bn in one week as private capital fills education gap

    0 shares
    Share 0 Tweet 0
  • CBN to issue N1.5bn loan for youth led agric expansion in Plateau

    0 shares
    Share 0 Tweet 0
  • How UNESCO got it wrong in Africa

    0 shares
    Share 0 Tweet 0
  • Glo, Dangote, Airtel, 7 others prequalified to bid for 9Mobile acquisition

    0 shares
    Share 0 Tweet 0
  • Oyo targets 500 MW energy generation by 2027

    0 shares
    Share 0 Tweet 0
Currently Playing

CNN on Nigeria Aviation

CNN on Nigeria Aviation

Business AM TV

Edeme Kelikume Interview With Business AM TV

Business AM TV

Business A M 2021 Mutual Funds Outlook And Award Promo Video

Business AM TV

Recent News

Study ranks New Zealand, Japan among safest countries if global war erupts

Study ranks New Zealand, Japan among safest countries if global war erupts

March 12, 2026
AI, cloud shift redefining skills for next-generation software developers 

AI, cloud shift redefining skills for next-generation software developers 

March 12, 2026

Categories

  • Frontpage
  • Analyst Insight
  • Business AM TV
  • Comments
  • Commodities
  • Finance
  • Markets
  • Technology
  • The Business Traveller & Hospitality
  • World Business & Economy

Site Navigation

  • Home
  • About Us
  • Contact Us
  • Privacy & Policy
Business A.M

BusinessAMLive (businessamlive.com) is a leading online business news and information platform focused on providing timely, insightful and comprehensive coverage of economic, financial, and business developments in Nigeria, Africa and around the world.

© 2026 Business A.M

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us

© 2026 Business A.M