Published: Sat, January 06, 2018
Global | By Shelia Dennis

China limiting oil product exports to N.Korea

China limiting oil product exports to N.Korea

The decision on talks was taken following North Korean leader Kim Jong-un's re-conciliatory New Year message in a televised address to the nation on Monday, over the latter's probable participation in the Pyeongchang Winter Olympics next month. The U.N. Security Council has forbidden high-seas transfers to North Korean vessels since September, part of the council's steadily-increasing economic sanctions on Pyongyang over its nuclear weapons program.

The country's Commerce Ministry said it would impose a cap on oil supplies to the North and ban imports of its steel and other goods.

The UN Security Council unanimously adopted the new sanction resolution on the North on December 22nd, following Pyongyang's ballistic missile launch in November.

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Beijing will limit exports of crude oil and refined petroleum to the North and ban sales of steel, industrial machinery and vehicles, the Commerce Ministry announced.

The same news outlet reported last week that USA recon satellites had photographed around 30 illegal transactions involving Chinese vessels selling oil to North Korea on the West Sea in October.

China accounts for almost all Pyongyang's energy supplies and trade, making its enforcement key to sanctions aimed at discouraging leader Kim Jong Un from pursuing nuclear and missile technology.

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China will also halt imports of North Korean foods and electric appliances, starting on January 23rd.

The announcement was also made just as North Korea agreed to talks with South Korea over the upcoming Winter Olympics, a move viewed as either a diplomatic breakthrough, Pyongyang buckling under sanctions, a delaying tactic, or a plot to fragment the worldwide coalition aligned against North Korea's missile program, depending on the optimism level of the observer.

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