North Korean state media says Kim Jong Un discussed arms cooperation with Russian defense minister

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North Korean leader Kim Jong Un shakes hands with Russia's Defence Minister Sergei Shoigu, as he visits Vladivostok, Russia, September 16, 2023 released by the Korean Central News Agency on September 17, 2023. (REUTERS)
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North Korean leader Kim Jong Un, center right, listens to Russian Defense Minister Sergei Shoigu, left, as he inspects Russian warplanes at the Vladivostok International airport in Vladivostok on Sept. 16, 2023. (Russian Defense Ministry Press Service via AP)
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North Korean leader Kim Jong Un inspected a sanctioned fighter jet plant in Russia on Friday as part of a rare visit that the United States and its allies fear could strengthen Russia's military in Ukraine and bolster Pyongyang's missile program. (REUTERS)
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Updated 17 September 2023
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North Korean state media says Kim Jong Un discussed arms cooperation with Russian defense minister

  • North Korean leader Kim Jong Un’s rare trip out of his isolated country has fanned fears among Western countries

SEOUL, South Korea: North Korean leader Kim Jong Un held discussions with Russia’s defense minister on strengthening “strategic and tactical coordination” between the countries’ militaries, the North’s state media said Sunday, as Kim continued a visit to Russia’s Far East that has raised concerns about an arms alliance that would fuel Moscow’s war on Ukraine.
The talks with Defense Minister Sergei Shoigu came after Kim on Friday was shown some of Russia’s most advanced weapons systems deployed for its war on Ukraine, including nuclear-capable bombers and hypersonic missiles, and a key warship of its Pacific fleet, the Korean Central News Agency said.
Kim’s trip, highlighted by a summit with Russian President Vladimir Putin on Wednesday, has underscored how their interests are aligning in the face of separate, intensifying confrontations with the West. US and South Korean officials have said North Korea could provide badly needed munitions for Putin’s war on Ukraine in exchange for sophisticated Russian weapons technology that would advance Kim’s nuclear ambitions.
While his predominant focus is on military cooperation, Kim also appears to be using his trip to encourage broader exchanges between the countries as he tries to break out of diplomatic isolation.
The governor of Russia’s Primorye region, which includes Vladivostok, said he plans to meet with Kim on Sunday. Gov. Oleg Kozhemyako said on his messaging app channel they would discuss exchange programs for schoolchildren to attend summer camps in one another’s country and other ways to cooperate in sports, tourism and culture. Russian media said Kim may also visit food industry businesses in Primorye.
A day after visiting an aircraft plant in Komsomolsk-on-Amur that produces Russia’s most powerful fighter jets, Kim on Saturday traveled to an airport near the port city of Vladivostok, where Shoigu and other senior military officials gave him an up-close look at Russia’s strategic bombers and other warplanes.
All the Russian warplanes shown to Kim were among the types that have seen active use in the war in Ukraine, including the Tu-160, Tu-95 and Tu-22 bombers that have regularly launched cruise missiles.
During Kim’s visit, Shoigu and Lt. Gen. Sergei Kobylash, the commander of the Russian long-range bomber force, confirmed for the first time that the Tu-160 had recently received new cruise missiles with a range of more than 6,500 kilometers (over 4,040 miles).
Shoigu, who had met Kim during a rare visit to North Korea in July, also showed Kim another of Russia’s latest missiles, the hypersonic Kinzhal, carried by the MiG-31 fighter jet, that saw its first combat during the war in Ukraine.
Kim and Shoigu later traveled to Vladivostok, where they inspected the Admiral Shaposhnikov frigate. Russia’s navy commander, Adm. Nikolai Yevmenov, briefed Kim on the ship’s capabilities and weapons, which include long-range Kalibr cruise missiles that Russian warships have regularly fired at targets in Ukraine.
KCNA, which has reported Kim’s activities in Russia a day late while crafting the details to meet government propaganda purposes, said Kim was accompanied on Saturday’s visits by his top military officials, including his defense minister and the top commanders of his air force and navy.
Following a luncheon, Kim and Shoigu talked about the regional security environment and exchanged views on “practical issues arising in further strengthening the strategic and tactical coordination, cooperation and mutual exchange between the armed forces of the two countries,” KCNA said.
In their July meeting, Kim gave Shoigu a similar inspection of North Korean weapons systems before inviting him to a massive parade in the capital, Pyongyang, where he rolled out his most powerful intercontinental ballistic missiles designed to target the United States.
Kim’s visits to military and technology sites this week possibly hint at what he wants from Russia, perhaps in exchange for supplying munitions to refill Putin’s declining reserves as his invasion of Ukraine becomes a drawn-out war of attrition.
Kim’s meeting with Putin was held at Russia’s main spaceport, a location that pointed to his desire for Russian assistance in his efforts to acquire space-based reconnaissance assets and missile technologies.
Experts have said potential military cooperation between the countries could include efforts to modernize North Korea’s outdated air force, which relies on warplanes sent from the Soviet Union in the 1980s.
Kim in recent months has also refocused on strengthening the country’s navy, which analysts say could be driven by ambitions to obtain Russia’s sophisticated technologies for ballistic missile submarines and nuclear-propelled submarines as well as to initiate joint naval exercises between Russia and North Korea.
Later Saturday, Kim visited a local theater to watch Pyotr Tchaikovsky’s Sleeping Beauty ballet performance. KCNA said Kim received a rousing ovation by people at the theater and expressed “deep thanks to the performers and the theater for their impressive and elegant ballet of high artistic value.”
Russia’s RIA Novosti state news agency said Kim left after the first act.

 


Britain needs ‘AI stress tests’ for financial services, lawmakers say

Updated 20 January 2026
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Britain needs ‘AI stress tests’ for financial services, lawmakers say

  • Lawmakers urge AI-specific stress tests for financial firms

LONDON: Britain’s financial watchdogs are not doing enough to stop artificial ​intelligence from harming consumers or destabilising markets, a cross-party group of lawmakers said on Tuesday, urging regulators to move away from what it called a “wait and see” approach.
In a report on AI in financial services, the Treasury Committee said the Financial Conduct Authority and the Bank of England should start running AI-specific stress tests to help firms prepare for market shocks triggered by automated systems.
The committee also called on the FCA to ‌publish detailed guidance ‌by the end of 2026 on how ‌consumer ⁠protection ​rules apply to ‌AI, and on the extent to which senior managers should be expected to understand the systems they oversee.
“Based on the evidence I’ve seen, I do not feel confident that our financial system is prepared if there was a major AI-related incident and that is worrying,” committee chair Meg Hillier said in a statement.

TECHNOLOGY CARRIES ‘SIGNIFICANT RISKS’

A race among banks to adopt agentic AI, which ⁠unlike generative AI can make decisions and take autonomous action, runs new risks for retail customers, the ‌FCA told Reuters late last year.
About three-quarters ‍of UK financial firms now use ‍AI. Companies are deploying the technology across core functions, from processing insurance claims ‍to performing credit assessments.
While the report acknowledged the benefits of AI, it warned the technology also carried “significant risks” including opaque credit decisions, the potential exclusion of vulnerable consumers through algorithmic tailoring, fraud, and the spread of unregulated financial advice through AI chatbots.
Experts ​contributing to the report also highlighted threats to financial stability, pointing to the reliance on a small group of US tech ⁠giants for AI and cloud services. Some also noted that AI-driven trading systems may amplify herding behavior in markets, risking a financial crisis in a worst-case scenario.
An FCA spokesperson said the regulator welcomed the focus on AI and would review the report. The regulator has previously indicated it does not favor AI-specific rules due to the pace of technological change.
The BoE did not respond to a request for comment.
Hillier told Reuters that increasingly sophisticated forms of generative AI were influencing financial decisions. “If something has gone wrong in the system, that could have a very big impact on the consumer,” she said.
Separately, Britain’s finance ‌ministry appointed Starling Bank CIO Harriet Rees and Lloyds Banking Group ‘s Rohit Dhawan as “AI Champions” to help steer AI adoption in financial services.