China says the item will limit oil, refined product exports to North Korea

A view of the newly developed intercontinental ballistic rocket Hwasong-15's test in which was successfully launched is actually seen in This kind of undated photo released by North Korea's Korean Central News Agency (KCNA) in Pyongyang November 30, 2017.

KCNA | Reuters

A view of the newly developed intercontinental ballistic rocket Hwasong-15’s test in which was successfully launched is actually seen in This kind of undated photo released by North Korea’s Korean Central News Agency (KCNA) in Pyongyang November 30, 2017.

China’s Commerce Ministry said on Friday the item will limit exports of crude oil, refined oil products, steel in addition to some other metals to North Korea, in line with tough completely new sanctions imposed by the United Nations for Pyongyang’s missile tests.

The statement comes after the U.N. Security Council last month unanimously voted in favor of completely new penalties on North Korea for its recent intercontinental ballistic missile test, seeking to limit its access to refined petroleum products in addition to crude oil.

The move by China will be effective on Jan. 6, the item said.

the item also follows an agreement on Friday by North Korea to hold official talks with the South next week, the first in more than two years amid rising tensions over its nuclear in addition to missile programs.

On Tuesday, the Chinese government said the item could continue to adhere to the recent U.N. sanctions.

In November, China, one of North Korea’s top trading partners, exported no oil products to the isolated country, apparently going above in addition to beyond the U.N. restrictions.

Among the measures from the December resolution, the U.N. prohibits nearly 0 percent of refined petroleum exports to North Korea by capping them at 500,000 barrels a year in addition to limits crude oil supplies to 4 million barrels a year.

Leave a Reply

Your email address will not be published. Required fields are marked *

*

three × two =