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China tightens North Korea trade restrictions under UN sanctions

Seoul considers unilateral sanctions against North Korea
Beijing has tightened restrictions on exports to North Korea, in compliance with UN sanctions against Pyongyang, limiting further oil supplies and banning imports of its steel and of other goods, Russia Today reported.

China, North Korea's main economic lifeline, will impose bans on exports of iron, steel and other metals, as well as on industrial machinery and transport vehicles to North Korea, from January 6, its Commerce Ministry stated on Friday. 

Crude oil and refined petroleum supplies will be also capped, in accordance with the restrictions imposed earlier by the UN.

Some North Korean exports to China will also be restricted, including equipment, grain, timber and other agricultural products. Those goods that had been sent prior to the sanctions imposed on December 23 must be released by customs no later than January 24.

The new measures come after the UN Security Council last month unanimously approved new punitive measures, punishing North Korea for its intercontinental ballistic missile test launch on November 29. 
Last Modified: Friday، 05 January 2018 11:07 PM
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