Monday, December 18, 2017
   
Text Size

Site Search powered by Ajax

China imposes limits on oil supply to North Korea

New sanctions by Beijing, a close ally of Pyongyang, also include an import ban on textile products from North Korea.

China is limiting its oil exports to North Korea to comply with new sanctions imposed by the UN Security Council last week, which include fuel import restrictions.

China's Ministry of Commerce said in a statement on its website on Saturday that China would limit exports of refined petroleum products from October 1, and ban condensates and liquefied natural gas immediately.

China will also ban textile imports from the North Korea, the ministry said.

Textiles are one of North Korea's last major sources of foreign revenue following repeated rounds of UN sanctions under which Beijing cut off purchases of coal, iron ore, seafood and other goods.

China accounts for about 90 percent of North Korea's trade, making its cooperation critical to any efforts to derail Pyongyang's development of nuclear weapons and long-range missiles.

'Too soon to tell'

Chinese leaders were long North Korea's diplomatic protectors but express increasing frustration with the government of Kim Jong-un.

They supported the latest rounds of UN Security Council sanctions but are reluctant to push Pyongyang too hard for fear the government might collapse.

They also argue against doing anything that might hurt ordinary North Koreans.

Joseph Cheng of the Chinese University of Hong Kong said that "China wants to demonstrate its support of the world community's position dissuade North Korea from continuing to hold nuclear tests and long-range missile tests".

But Cheng also said that Beijing understands that economic sanctions alone "will not be able to persuade Pyongyang to give up their programmes".

On Friday, US President Donald Trump praised China for increasing financial restrictions, and has been pushing Beijing to apply more pressure to North Korea over its nuclear programme

His comments came a day after he signed an executive order allowing Washington to ramp up sanctions against North Korea over its nuclear missile programme. 

Trump said the measure would allow sanctions against "individuals and companies that finance and facilitate trade" with Pyongyang. 

Also on Friday, North Korean Foreign Minister Ri Yong-ho said his country could consider a hydrogen bomb test on an unprecedented scale on the Pacific Ocean - a threat, Japan labelled as "totally unacceptable".


blog comments powered by Disqus

Subscribe via RSS or Email:

Thousands rally in Jakarta against ...

Read More

Central Philippines suffers widespr...

Read More

US to UNSC: North Korea must stop t...

Read More

North Korea vows retaliation over U...

Read More

Tillerson calls on North Korea to e...

Read More

Philippines extends martial law to ...

Read More

Global_News

Qatar's foreign minister says this year's celebration signifies the country's strength and unity under the blockade.

Read More

Donation

Thanks to all of our supporters for your generosity and your encouragement of an independent press!

Enter Amount:

Featured_Author

Login






Login reminder Forgot login?

Subscribe to MWC News Alert

Email Address

Subscribe in a reader Facebok page Twitter page

Week in Pictures

From snowfall to sunshine

Palestinians hold 'day of rage'