NEWSLETTER
Thursday, July 3, 2025
The Novum Times
No Result
View All Result
  • Home
  • World
    • USA
    • United Kingdom
    • India
    • China
    • Europe
    • Africa
    • Middle East
    • Asia Pacific
    • Canada
    • Australia
  • Politics
  • Business
  • Health
  • Economy
  • Sports
  • Entertainment
  • Technology
  • Cryptocurrency
  • Gossips
  • Travel
  • Lifestyle
  • Home
  • World
    • USA
    • United Kingdom
    • India
    • China
    • Europe
    • Africa
    • Middle East
    • Asia Pacific
    • Canada
    • Australia
  • Politics
  • Business
  • Health
  • Economy
  • Sports
  • Entertainment
  • Technology
  • Cryptocurrency
  • Gossips
  • Travel
  • Lifestyle
No Result
View All Result
The Novum Times
No Result
View All Result

North Korea shuts dozen embassies across world amid ‘financial difficulties’ due to sanctions

by The Novum Times
1 November 2023
in United Kingdom
Reading Time: 3 mins read
A A
Home News United Kingdom
Share on FacebookShare on TwitterShare on Whatsapp



For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails

Sign up to our free breaking news emails

North Korea is shutting down its embassies in a dozen countries – a move that suggests the country is struggling to keep the missions afloat amid global sanctions.

The country will close down its embassies in Spain, Hong Kong, and multiple countries in Africa, according to media reports.

It will mark the end of nearly 25 per cent of North Korea’s missions worldwide.

According to North Korean state media outlet KCNA, North Korea’s envoys paid “farewell” visits to the leaders of Angola and Uganda last week. It was after local media in both African countries reported the shutdown of the North‘s embassies there.

The decision came even as Angola and Uganda forged friendly ties with Pyongyang since the 1970s, maintaining military cooperation and providing rare sources of foreign currency such as statue-building projects.

The People’s Communist Party of Spain (PCPE), an opposition party in Spain, confirmed the planned closure of the North Korean Embassy in Madrid, citing North Korean authorities.

It said the North Korean embassy in Italy will take over the responsibility for Spain. It cited challenges arising from US and EU sanctions and indicated that North Korea faced difficulties in establishing mutually beneficial connections with Spanish institutions, as well as commercial and cultural entities.

The North‘s embassy in Madrid was in the spotlight after members of a group seeking the overthrow of North Korean leader Kim Jong-in staged a break-in in 2019, during which they bound and gagged staff before driving off with computers and other devices.

Pyongyang condemned the event as a serious violation of sovereignty and a “terrorist attack” while blaming the US for failing to conduct a comprehensive investigation of the group and refusing to extradite its leader.

The shuttering down of embassies has set the stage for what could be “one of the country’s biggest policy shakeups in decades”, wrote Chad O’Carroll, founder of the North Korea-focused website NK Pro.

It will have implications for diplomatic engagement, humanitarian work in the isolated regime, as well as the ability to generate illicit revenue, he said.

He said more than a dozen missions could be shut down likely because of international sanctions, a trend of Pyongyang’s disengaging globally and the probable weakening of the North Korean economy

South Korea‘s unification ministry said on Tuesday said it reflects North’s financial difficulties in foreign markets due to international sanctions aimed at choking funding for the North‘s nuclear and missile programs.

“They appear to be withdrawing as their foreign currency earning business has stumbled due to the international community’s strengthening of sanctions, making it difficult to maintain the embassies any longer,” the ministry said in a statement.

“This can be a sign of North Korea‘s difficult economic situation, where it is difficult to maintain even minimal diplomatic relations with traditionally friendly countries.”

North Korea has formal ties with 159 countries, but had only 53 diplomatic missions overseas, including three consulates and three representative offices, before it pulled out of Angola and Uganda, according to the ministry.

Additional reporting by agencies



Source link

Tags: difficultiesDozenDueembassiesfinancialKoreanorthSanctionsshutsworld

Related Posts

Hamas sympathiser living in Britain has visa REVOKED for supporting banned terror group

Hamas sympathiser living in Britain has visa REVOKED for supporting banned terror group

by The Novum Times
10 November 2023
0

A HAMAS-sympathising radical has been stripped of his UK visa, The Sun can reveal. The foreign national was living in...

Grammy 2024 nominations live: SZA leads with nine nominations as female artists dominate leading categories

Grammy 2024 nominations live: SZA leads with nine nominations as female artists dominate leading categories

by The Novum Times
10 November 2023
0

Ice Spice, Taylor Swift and SZA are expected to lead nominations at the 66th Grammy Awards (Getty Images)Sign up to...

the best family shows to book now

the best family shows to book now

by The Novum Times
10 November 2023
0

Frequently asked questions Can children go to all theatres in London? Most West End shows are suitable for people aged 12 or...

Dog behaviorist reveals the ‘worst’ mistakes that you are ‘accidentally making with your pup every single day’ – leaving pet owners stunned

Dog behaviorist reveals the ‘worst’ mistakes that you are ‘accidentally making with your pup every single day’ – leaving pet owners stunned

by The Novum Times
10 November 2023
0

Will Atherton, from the UK, has racked up over 881,000 followers on TikTok He recently revealed the biggest mistakes that pet...

Woman dies after taking Ozempic to lose weight for daughter’s wedding

Woman dies after taking Ozempic to lose weight for daughter’s wedding

by The Novum Times
10 November 2023
0

Trish Webster and her husband Roy. Photo: NineA woman in Australia who took prescribed Ozempic to lose weight ahead of...

Next Post
5 of the best spas in Cape Town

5 of the best spas in Cape Town

The Science of Algae for Mitochondria, Aging and Brain Health with Catharine Arnston

The Science of Algae for Mitochondria, Aging and Brain Health with Catharine Arnston

CATEGORIES

  • Africa
  • Asia Pacific
  • Australia
  • Business
  • Canada
  • China
  • Cryptocurrency
  • Economy
  • Entertainment
  • Europe
  • Gossips
  • Health
  • India
  • Lifestyle
  • Mental Health
  • Middle East
  • News
  • Opinions
  • Politics
  • Sports
  • Technology
  • Travel
  • United Kingdom
  • USA

CATEGORIES

  • Africa
  • Asia Pacific
  • Australia
  • Business
  • Canada
  • China
  • Cryptocurrency
  • Economy
  • Entertainment
  • Europe
  • Gossips
  • Health
  • India
  • Lifestyle
  • Mental Health
  • Middle East
  • News
  • Opinions
  • Politics
  • Sports
  • Technology
  • Travel
  • United Kingdom
  • USA

Browse by Tag

Biden Bitcoin Business Canada case Channel China court Cup day dead deal Death Diplomat free global Health Home India Jammu Kashmir killed latest Life Live man National News NPR people Police POLITICO Russia South Time Times Top Tourism Trump U.S UAE Ukraine war world Years
  • About Us
  • Advertise With Us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact Us

Copyright © 2023 Novum Times.
Novum Times is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
    • USA
    • United Kingdom
    • India
    • China
    • Europe
    • Africa
    • Middle East
    • Asia Pacific
    • Canada
    • Australia
  • Politics
  • Business
  • Health
  • Economy
  • Sports
  • Entertainment
  • Technology
  • Cryptocurrency
  • Gossips
  • Travel
  • Lifestyle

Copyright © 2023 Novum Times.
Novum Times is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In