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The China-Russia Security Council Resolution Part 2: Chinese Motives
In the last post on the proposed China-Russia Security Council resolution, we showed that exempting just two product categories—seafood and textiles—would restore as much as 50% of North Korea’s exports. But that does not capture the full extent of China’s ability to keep the regime afloat, even if we set aside the inevitable leakage in the sanctions regime (on that issue, see the August 2019 interim Panel of Experts report).
The China-Russia Security Council Resolution Part 1: Sanctions Relief
As 2020 gets underway, it is hard to avoid the obvious: diplomacy surrounding the Korean peninsula is stuck. The core question that divides the parties is—as it has long been—a tactical one. Are North Korea and the United States willing to trade incremental moves on the nuclear issue for partial sanctions relief?