Saturday, October 8, 2016
U.S. And China Now Discussing plans To Cut Coal And Oil Shipments To North Korea
Bloomberg: U.S., China Said to Discuss Choking Off North Korea Energy
* Talks involve restrictions on coal, iron ore and crude oil
* U.S. wants China to be its ‘executioner,’ Beijing analyst says
The U.S. and China are locked in negotiations over curbing North Korea’s energy trade in response to its fifth nuclear test last month, according to four diplomats from United Nations Security Council countries with direct knowledge of the talks.
The world’s two biggest economies -- both of whom can veto any resolution -- are discussing restrictions on North Korea’s trade in coal, iron ore and crude oil, according to the diplomats, who asked not to be named because the discussions are private. Other nations also considering separate sanctions against North Korea once the Security Council acts, the diplomats said.
The U.S. and its allies are seeking to further tighten sanctions against Kim Jong Un’s regime to prod him into abandoning a pursuit of nuclear weapons that has only intensified in recent years, with the latest test coming Sept. 9. The measures stand little chance of success without support from China, which has kept its neighbor from collapsing to avoid both a humanitarian crisis and the presence of American and South Korean troops on its border.
Read more ....
Update: China, U.S. Mull Plans to Halt Coal & Oil Shipments to North Korea (OilPrice.com)
WNU Editor: Both countries are now realising that past policies are not working, and they may now have to work together to put pressure on North Korea to stop its nuclear and ballistic missile ambitions .... Failing North Korea Policies Being Criticized in Both the US, China (VOA).