China confirms will limit oil exports to North Korea

25 Sep 2017   China, North Korea

China will limit exports of refined petroleum products to North Korea starting October 1, its commerce ministry said, confirming Beijing’s participation in new UN sanctions intended to rein in its rogue neighbour. The United Nations Security Council, including permanent member Beijing, approved tough sanctions against Pyongyang last week in response to its sixth and most powerful nuclear test. Washington had initially sought a full oil embargo, but softened its stance to secure backing from Russia and China — the North’s sole ally and main trading partner, responsible for around 90 percent of its commerce. In a statement posted to its website late Friday night, the ministry reiterated the terms of the latest resolution, writing that UN member states would not export more than 500,000 barrels of refined petroleum products to the North in the final three months of 2017, and 2 million annually starting next year. ‘Chinese government authorities […]

Comments are closed.