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RUSSIA: Defence Minister Seen Deepening North Korea Relations

RUSSIA
CEEMEAEM BulletRussiaBulletEmerging Market News
  • Defence Minister Belousov is meeting with his North Korean counterpart today, at which they are expected to discuss a further deepening and strengthening of their military partnership – a meeting that will be closely watched by South Korea, who have reportedly considered sending weaponry to Ukraine, a step that Moscow have warned would “fully destroy” relations.
  • Tensions between Seoul and Moscow are already running high after the entry of six Russian military aircraft into a South Korean air identification zone today.
  • Much local focus remains on the recent volatility in the RUB, with local press writing on the greater prospects of a rate hike from the CBR in response to the softer currency. The Bank are set to release their financial stability report later today.
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  • Defence Minister Belousov is meeting with his North Korean counterpart today, at which they are expected to discuss a further deepening and strengthening of their military partnership – a meeting that will be closely watched by South Korea, who have reportedly considered sending weaponry to Ukraine, a step that Moscow have warned would “fully destroy” relations.
  • Tensions between Seoul and Moscow are already running high after the entry of six Russian military aircraft into a South Korean air identification zone today.
  • Much local focus remains on the recent volatility in the RUB, with local press writing on the greater prospects of a rate hike from the CBR in response to the softer currency. The Bank are set to release their financial stability report later today.