International

Kim Jong-un and Vladimir Putin sign a “strategic association” agreement that includes a mutual defense clause

The leaders of North Korea and Russia, Kim Jong-un and Vladimir Putin, signed today Wednesday a “Comprehensique Strategic Partnership Agreement” that includes a mutual defense clause, according to the Russian president after his summit with North Korean leader Kim Jong-un.

The document signed between the two leaders contemplates “assistance in the event that one of the two countries is attacked,” Putin said in statements collected by the Russian agency Tass.

The Russian president also pointed out that “security issues and the international agenda” occupied a significant part of the agenda of the negotiations with the North Korean dictator.

The Kremlin president thus revealed part of the content of the new road map that will strub bilateral relations between the two countries, which have been strengthened as a result of the Russian invasion of Ukraine and in the face of pressure on Pyongyang and Moscow by Washington and its allies.

In this sense, Putin stated that both Russia and North Korea “oppose the use of sanctions for political purposes, which only serve to undermine the international situation.”

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In addition, he called for “reviewing the United Nations Council’s sanctions regime on North Korea” promoted by the United States.

“Our countries consistently defend the establishment of a more just, democratic and multipolar world order. Russia and North Korea develop an autonomous and independent foreign policy and do not accept the language of blackmail and dictation,” the Russian president said.

“Despite external pressure, our countries develop successfully on a sovereign and independent basis, they have provided and provide mutual support as true friends and good neighbors,” he added.

Putin’s adviser on international policy, Yuri Ushakov, already said on the eve that this new treaty will replace those signed between Moscow and Pyongyang in 1961, 2000 and 2001.

Before that meeting, Putin and Kim Jong-un held an extended summit of about 90 minutes at the Kumsusan guest residence in Pyongyang, where Putin is visiting for the first time in 24 years.

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It was in that scenario that the Russian president thanked the North Korean leader, Kim Jong-un, for his “unwavering support” to the invasion of Ukraine.

“Russia appreciates the constant and unshakable support of the Democratic People’s Republic of Korea (official name of North Korea) for Russian policies, including what concerns Ukraine,” Putin said.

He also said that Moscow “is fighting against decades of imperialist policies imposed by the United States,” and stressed that the relationship between Russia and North Korea “is based on mutual equality and respect,” according to the intervention collected by TASS.

In addition, Putin invited Kim to travel to Moscow for the next summit between the two countries, and expressed his “admiration” for the “transformation” experienced by the North Korean capital during the last 24 years.

“The government of the Democratic People’s Republic of Korea (official name of North Korea) values the important mission and the role of a strong Russian Federation in maintaining strategic stability and balance in the world,” said Kim, quoted by the RIA Nóvosti agency.

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The North Korean leader also expressed “full support and solidarity with the Russian Government, army and people regarding the execution of the special military operation in Ukraine to protect their sovereignty, security interests and territorial integrity.”

Kim added that the global situation is changing rapidly and that in that context Pyongyang intends to strengthen its strategic ties with Moscow.

After the opening comments, the rest of the summit, which lasted a total of around 90 minutes, was held behind closed doors.

The meeting between the two leaders began after a welcome ceremony for the Russian president, Vladimir Putin, in the Kim Il-Sung Square of Pyongyang, the scene of the main parades and celebrations of the North Korean regime.

The RIA Nóvosti agency published a photo of the square full of people and decorated with balloons.

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After the ceremony and the taking of photographs, both leaders went to the Kumsusan Guest Palace, where the Russian president is staying, to start their first meeting.

Today’s agenda also includes a gala concert in honor of Putin, a state reception and a floral offering by the Russian president at the Pyongyang Liberation Monument, dedicated to the Soviet Red Army soldiers who fought with Japanese imperial forces on the Korean peninsula during World War II.

Many analysts believe that Putin’s trip, which he plans to fly to Vietnam today for a two-day visit, can serve to deepen military ties after the agreement in this area that he and Kim signed at a summit last year in the Russian region of Amur.

According to South Korea and the Western powers, Pyongyang has transferred to Moscow in the last year thousands of containers with weapons – which would contain millions of projectiles for artillery parts and missile shuttles – that the Russian army has used on the battlefield in Ukraine.

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Related Topics:Korea del Norte Rusia Vladimir Putin

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US panel backs Trump-themed coin amid controversy

The United States Department of the Treasury confirmed to AFP that the Commission of Fine Arts approved the design of a new collectible coin featuring Donald Trump, with members of the commission appointed by the current administration.

According to the proposal, the coin will feature an image of Trump standing with clenched fists over a desk on the obverse, while the reverse will display an eagle, a traditional symbol of the United States.

The sale price of the collectible has not yet been disclosed, although the United States Mint typically offers similar items for more than $1,000.

“There is no more iconic portrait for the front of these coins than that of our president Donald Trump,” U.S. Treasurer Brandon Beach said in a statement sent to AFP. He added that two additional coins — a $1 piece and a one-ounce gold coin — are also under consideration.

However, the Citizens Coinage Advisory Committee (CCAC), another body responsible for reviewing new coin proposals, declined to discuss the Trump design in late February.

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“Only nations governed by kings or dictators place the image of a sitting leader on their currency,” said Donald Scarinciat the time. “No country in the world has minted coins featuring a democratically elected leader during their term in office,” he added.

When contacted by AFP, the Treasury Department did not immediately respond to requests for further comment.

International

Fed’s Waller warns of rising inflation risks amid Middle East conflict

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Waller, who had supported interest rate cuts over the past year amid concerns about the labor market, said he has shifted his stance in recent weeks due to rising inflation risks.

“Since the Strait of Hormuz was closed, it suggests this conflict could be much more prolonged and that oil prices will remain elevated for longer,” Waller said in an interview with CNBC.

“Therefore, this indicates that inflation is a greater concern than I had previously assessed,” he added.

Waller also backed the Federal Reserve’s decision earlier this week to keep interest rates unchanged, signaling a more cautious approach as global geopolitical tensions continue to affect economic outlooks.

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Brazil offers to mediate Colombia-Ecuador tensions, calls for restraint

The government of Brazil has offered to mediate in the ongoing tensions between Colombia and Ecuador, while calling on both nations to exercise restraint.

In a statement released Wednesday, Brazil’s Ministry of Foreign Affairs urged the parties involved to act with moderation and seek a peaceful resolution to the dispute.

“Brazil encourages all sides to act with moderation in order to find a peaceful solution to the controversy. It stands ready to support dialogue efforts aimed at preserving peace and security in the region,” the statement said.

Brazil also expressed “serious concern” over reports of deaths in the border area between Colombia and Ecuador, noting that the circumstances surrounding the incidents have not yet been clarified.

The diplomatic move comes amid rising tensions between the neighboring countries, increasing regional concern over stability and security along their shared border.