Wednesday, August 17, 2022

N.Korea spent as much as $642 million on nukes in 2021, report estimates

HomeNewsN.Korea spent as much as $642 million on nukes in 2021, report...
North Korea may have spent as much as $642 million on its nuclear development in 2016, according to anti-nuclear campaigners, as the impoverished nation seems prepared to test a new bomb despite a COVID-19 epidemic and economic crisis.

There are no reliable figures on North Korea’s nuclear expenditures or arsenal size. At least six nuclear tests have been performed by North Korea since 2006, and it looks to be prepared to restart testing for the first time since 2017

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In a report on global nuclear weapons spending released on Tuesday, the Geneva-based International Campaign to Abolish Nuclear Weapons stated that its estimate is based on the assumption that North Korea has continued to spend approximately one-third of its gross national income (GNI) on its military, with approximately six percent of that budget going toward nuclear weapons.

North Korea is the lowest spender among the nine nuclear-armed countries examined by the ICAN research, paying almost half as much as Pakistan, the next lowest spender.

The United States, which has spearheaded an international drive to impose sanctions on North Korea over its nuclear weapons and ballistic missile development, has criticised Pyongyang for spending millions of dollars on its military despite food shortages and other economic difficulties.

North Korea asserts that it has the right to build nuclear weapons for self-defense and that these weapons are vital to safeguard the country from international threats.

During the epidemic, it is unknown whether Pyongyang reduced funds for its nuclear development.

Analysts, foreign officials, and independent experts who monitor United Nations sanctions have reported that Pyongyang appears to have moved forward with its stated objective of developing and expanding its arsenal, as activity and new construction have been observed at its main nuclear reactor, uranium mine, and other related sites.

In a research issued this week, the Stockholm International Peace Research Institute (SIPRI) assessed that North Korea had constructed up to 20 nuclear warheads and likely possesses enough fissile material for 45–55 nuclear weapons.

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SIPRI stated that North Korea’s military nuclear programme remained key to its national security policy.

North Korea possesses around 50 kilogrammes of weapons-grade plutonium and “significant” quantities of highly enriched uranium, according to South Korea’s most recent defence white paper, an estimate that has not altered since 2016.