China to limit oil supplies to North Korea

by Garry Watts September 25, 2017, 0:12
China to limit oil supplies to North Korea

"If China completely cuts off the supply of oil to North Korea or even closes the China-North Korea border, it is uncertain whether we can deter Pyongyang from conducting further nuclear tests and missile launches", it said.

Prohibition of the imports of North Korean textiles should be carried out immediately from the date of announcement, and for the volume of transactions that have been concluded prior to the passage of the United Nations resolution, the import procedure must be completed by December 10, the ministry said.

China has announced it will limit oil exports to North Korea under United Nations sanctions over its nuclear and missile development, further reducing support from Pyongyang's last major trading partner, energy supplier and diplomatic ally.

However, the ban on textile imports will be effective from Saturday, it said.

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

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.

In August, China's imports from North Korea were $288.3 million, up 84.4 per cent from July and down 1 per cent from a year ago, based on data on the customs website.

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Beijing's status as the North's main trading partner makes its cooperation critical to the success of economic sanctions.

North Korea has launched dozens of missiles under Kim Jong Un's leadership as it accelerates a weapons program created to give it the ability to target the United States with a powerful, nuclear-tipped missile.

China will suspend such exports once the total exports approaches the ceiling, state-run Xinhua news agency reported.

Last month, the USA announced sanctions against five Chinese firms and one individual, two Singapore-based companies and three Russian citizens alleging that they supported North Korea's nuclear weapons programme.

Trump and North Korean leader Kim Jong Un exchanged personal insults this week, and neither side shows any sign of backing down.

North Korea's leader Kim Jong Un.

"Donald Trump mocked Kim as a "Rocket Man" on a" suicide mission" at the UN General Assembly.


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