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MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
SECURITY
Wires reporting that North Korean leader Kim Jong-un has departed North Korea ahead of an expected meeting with Russian President Vladimir Putin which may take place as soon as Tuesday, September 12 on the margins of the 8th Eastern Economic Forum in Vladivostok.
- The White National Security Council took steps last week to declassify intelligence suggesting the two leaders planned to meet and discuss an arms deal which they claim would violate UN Security Council resolutions on North Korea.
- A deal is likely to consist of the transfer of North Korean artillery munition, of which Pyeongyang has an has enormous stockpile, in exchange for satellite technology and supplies of food.
- The transfer of advanced tech could help North Korea further accelerate its long-range ballistic missile programme, understood to include a new nuclear submarine based on a Soviet-designed Romeo-class hull, capable of delivering tactical and strategic nuclear payloads.
- Further military cooperation between Moscow and Pyeongyang is likely to further destabilise the Korean Peninsula and decrease the prospect of talks to denuclearise North Korea - a key objective of the Biden administration.
Figure 1: North Korea Ballistic Missile Tests
Source: Bloomberg
Source: BloombergWhy MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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