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North Korea’s Sanctions Evasion and Its Economic Implications

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Author Kim, Suk-Jin
Publish Date / Page 2021-04-20 / 11 p.
Series No. CO 21-12(E)
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The UN Security Council Sanctions Committee on North Korea closely monitors the implementation of sanctions on North Korea, and its findings are disclosed in reports by the Panel of Experts. According to these reports, North Korea has actively engaged in various activities to evade sanctions, including coal smuggling, sale of fishing rights, financial cyber attacks, and illegal import of refined petroleum. These attempts, however, are not sufficient to nullify the impact of sanctions. While North Korea may be able to mitigate the immediate economic damages through sanctions evasion, it seems likely that there is no significant difference in the long-term impact of sanctions. Though sanctions are not being implemented perfectly, they seem to be serving the basic purpose of pressuring the North Korean regime by substantially hurting the economy.