This article analyzes the evolving strategic dynamics within the China-Russia-North Korea triangle and their implications for global security. It argues that while the strengthened Russia–North Korea relationship poses risks for China’s global strategy and its major economic partnerships, for now, China also derives some benefits from these close ties and considers the risks to be manageable. Drawing on recent diplomatic developments, military cooperation, and regional responses, the article offers a nuanced assessment of how this alignment affects European and Indo-Pacific theaters. The analysis provides US policymakers with insight into the risks of opportunistic aggression and the strategic calculations driving these partnerships.