Tuesday, April 5, 2016

China Announces Trade Restrictions With North Korea



ABC News Online: China restricts trade with North Korea as part of sanctions over nuclear program

China has banned imports of gold and rare earths from North Korea, as well as exports to the country of jet fuel and other oil products used to make rocket fuel — a move in line with new United Nations sanctions on Pyongyang.

The Security Council unanimously passed a resolution in early March expanding UN sanctions aimed at starving North Korea of funds for its nuclear and ballistic missile programmes, after Pyongyang conducted a fourth nuclear test in January and launched a long-range rocket in February.

The mining sector is a key part of North Korea's economy, which is already largely cut off from the rest of the world.

Experts believe revenue from the sector helps underwrite North Korea's military expenditures.

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More News On China Announcing Trade Restrictions With North Korea

China Restricts Trade With North Korea Over Nuclear Tests -- AP
China announces restrictions on trade with North Korea -- Reuters
China imposes trade sanctions on North Korea -- DW
China announces new sanctions on North Korea -- UPI
China announces sanctions against North Korea -- the Independent
China imposes restrictions on North Korea exports: Commerce Ministry -- AFP
China Announces Trade Restrictions, Bans Export Of Jet Fuel To North Korea In Line With UN Sanctions -- IBTimes

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