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Analysis Balancing economic leverage: South Korea’s energy reliance on RussiaBoth nations need to maintain economic collaboration, but when push comes to shove, South Korea has more to lose Russia’s potential military cooperation with North Korea has sharply escalated tensions with South Korea. Lim Soo-seok, the ROK foreign ministry spokesperson, highlighted the significant negative implications such a partnership could have for Moscow-Seoul ties. However, a key challenge for South Korea in reacting to Russia’s military overtures to the DPRK lies in its heavy reliance on Russian energy. This dependence gives Moscow a potential upper hand, with the capability to use energy exports as a strategic lever. Even as diplomatic engagements continue, exemplified by the recent meetingbetween ROK foreign minister Park Jin and his Russian counterpart, Sergei Lavrov, a © Korea Risk Group. All rights reserved. |





