ERI FEB RAS
|Regionalistica 2021 Volume 8 number 1 pages 5-28|
|Title of the article||DPRK’s Foreign Trade: The Impact of Sanctions|
|Author||Dyomina Yana Valeryevna
Candidate of science (economics), senior research fellow
Economic Research Institute FEB RAS
153, Tikhookeanskaya Street, Khabarovsk, Russia, 680042
|Abstract||The author analyzes the dynamics and structure of DPRK’s foreign trade, as well as the impact of international sanctions. Currently, in accordance with UN Security Council resolutions, sanctions include a complete ban on the country’s main export goods, restrictions on the import of petroleum products and the use of North Korean labor abroad. International sanctions and the aggravation of the North and South relations had a significant negative effect on the DPRK’s foreign trade. Until 2013, there was a positive trend, but the tightening of sanctions and nullification of trade with the Republic of Korea led to the collapse of export-import operations. The possibility of restoring the DPRK’s foreign economic relations and developing cooperation with Russia is closely linked to resolving the nuclear issue and lifting international sanctions.|
|Keywords||foreign trade ♦ export ♦ import ♦ sanctions ♦ DPRK ♦ China ♦ Republic of Korea ♦ Russia|
|For citation||Dyomina Ya.V. DPRK’s Foreign Trade: The Impact of Sanctions. Regionalistica [Regionalistics]. 2021. Vol. 8. No. 1. Pp. 5–28. http://dx.doi.org/10.14530/reg.2021.1.5 (In Russian)|
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