Thursday at the United Nations, U.S. Department of State Director for Korean and Mongolian Affairs Seth Bailey briefed UN member states on the first Multilateral Sanctions Monitoring Team (MSMT) report, which focuses on unlawful military cooperation between North Korea and Russia.
Bailey detailed evidence of North Korea's arms and materiel transfers to Russia, Russia's transfer of military technology to North Korea, and Russia's training of North Korean troops in Russia.
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Political News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.