North Korean-controlled media on Wednesday reported that President Trump Donald John TrumpBiden on Trump's refusal to commit to peaceful transfer of power: 'What country are we in?' Romney: 'Unthinkable and unacceptable' to not commit to peaceful transition of power Two Louisville police officers shot amid Breonna Taylor grand jury protests MORE agreed to lift sanctions against the country during his historic summit with leader Kim Jong Un in Singapore, Reuters reported.

Both leaders signed an agreement committing the United States to unspecified “security guarantees” in exchange for denuclearization of the Korean Peninsula.

Trump reportedly offered to lift sanctions on the cash-strapped country in addition to those security guarantees, according to Reuters.

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North Korea's KCNA news agency cites Trump making the pledge to lift the economic barriers after saying the U.S. would end joint military exercises with South Korea.

Following the summit, Trump had indicated that sanctions would remain until North Korea began the denuclearization process, saying of easing sanctions, “I hope it’s going to be soon. At a certain point, I actually look forward to taking them off.”

Reuters did not receive immediate comment from U.S. officials.

The Hill has also reached out to the White House for comment.

The document signed during the summit did not provide any specific details regarding a timeline or nature of North Korea’s denuclearization.

“I think both sides are going to be impressed with the result,” Trump told reporters on Tuesday. “We’re going to take care of a very big and very dangerous problem for the world.”

As Trump landed back in Washington on Wednesday, he tweeted that “everybody can now feel much safer than the day I took office.”