Moon warns of ‘uncontrollable’ situation as Putin urges calm
Russia rejects South Korean leader's oil sanctions proposal; Asian stocks down, US, Europe see gains
After South Korean President Moon Jae-in asked for Russia’s help to cut off oil supplies to North Korea, Vladimir Putin warned against backing Pyongyang into a corner.
“We should not act out of emotions and push North Korea into a dead end,” Mr. Putin said, according to dispatches from South Korean reporters. “We must act with calm and avoid steps that could raise tensions.”
Speaking before his meeting with Putin, Moon said that “If we fail to stop North Korea’s provocations now, it could sink into an uncontrollable situation.”
“Stopping oil supply to North Korea is inevitable,” Moon’s spokesman Yoon Young-chan quoted him as saying during the meeting. “I’m asking for Russia’s cooperation.”
Most major Asian indices were down Wednesday as the world fails to reach consensus on how to approach North Korea. The Hang Seng, Kospi and Nikkei were down 0.46%, 0.29% and 0.14%, respectively. The Shanghai Composite was flat with a gain of 0.03%.
Germany’s DAX is leading European gains, up as much as more than 1.00%, with France’s CAC40 gaining as much 0.50%. The S&P is up 0.20% as of 11 am.