Lifting Sanctions Against North Korea Before Denuclearization?

Forex News

Kim Jong Un (North Korean leader) told that Donald Trump proposed to lift sanctions against his regime at their yesterday’s summit. The US President also announced he wanted to stop military exercise with South Korea while the negotiation with North Korea is in progress and expressed dedication to unspecified “security guarantees” for Pyongyang, and to “lift sanctions against it.”

Trump claimed sanctions would stay unless North Korea gives up its nuclear arsenal. What’s interesting, is that the President noted that sanctions relief could come even before the “complete denuclearization of the Korean Peninsula”. “I hope it’s going to be soon,” and: “At a certain point, I actually look forward to taking them off”, stated Trump. His comments diverged from those given before the summit and from those, given by his officials.

Overall, after signing the agreement, North Korea pledged to aim for “complete denuclearization” and Trump in his turn promised a security guarantee. Trump talked about halting the US drills and Kim said that North Korea had dismantled a missile engine test site. But, that was it in terms of details.

Chinese officials are urging US to remain committed to the sanctions. One official said China, the main exporter to NK, might ask the UN to lift or adjust them. The country might even give North Korea a relief by trying to subdue the penalties. Andrea Berger of the Middlebury Institute of International Studies at Monterey commented this, saying the sanctions “need to stay in place until North Korea verifiably and irreversibly dismantles its nuclear arsenal,” adding: “But there’s a certain amount of political flexibility in sanctions relief in an era where Trump is at the helm.”