Russia’s relations with North Korea are often ignored in the West. The conventional view is that Russia’s role with respect to the North is purely political and diplomatic, predicated on Russia’s permanent membership in the UN Security Council. Often overlooked is the fact that Russia maintains a range of economic links with the DPRK. Taken together, they constitute quite a substantial leverage that Russia can exercise over North Korea, when and if it chooses to do so. The paper aims to investigate the economic dimension of the Russia-North Korea relationship. The article also examines North Korea’s domestic economic situation, mostly drawing upon Russian expert assessments.