Abstract: Since 2000, President Vladimir Putin of Russia has persistently pushed for trilateral economic projects involving Moscow, Seoul, and Pyongyang, especially in the fields of energy (oil, gas, and electricity) and transportation (railroad). The Kremlin has long maintained that its proposed trilateral projects would not only be economically beneficial to all but also pave the road to inter-Korean reconciliation and peaceful unification. This article addresses three questions regarding Putin’s trilateral economic projects. What motivates Russia to push for the projects? Would they bring benefits to the three countries? Would they facilitate Korean peace process? The authors argue that Putin’s trilateral economic projects are part of Russia’s quest for power and search for a multipolar world order and should be understood from the theoretical framework of “structural realism.” The research finds that the projects are not feasible due to North Korea’s nuclear crisis and economic uncertainties and may be implemented after the current North Korea’s nuclear crisis is resolved diplomatically, if North Korea’s leadership changes or if inter-Korean reconciliation and cooperation is achieved by the progressive government of Moon Jae-In.
