China Cuts Off North Korea's Oil Supplies

The Independent: China cuts off North Korea's oil supply as sweeping sanctions kick in

Petrol prices in Pyongyang have increased by around 20 per cent in the last two months

China has unveiled its plans to restrict oil and other energy supplies to North Korea, as part of UN-led efforts to halt Pyongyang's nuclear and missile development.

China’s Commerce Ministry announced on Saturday that exports of refined petroleum to the Democratic People’s Republic of Korea (North Korea) will be restricted to 2 million barrels per annum, which comes into effect on 1 October.

Although North Korea buys most of its oil and gas from China, consumption estimates are low, according to AP. How effective the sanctions will be is uncertain. It emerged that the embargo does not affect crude oil supplies, which is by far the largest share of energy exports to the North.

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WNU Editor: The smugglers are going to make a fortune with these sanctions.

More News On China Cutting Off North Korea's Oil Supplies

China to limit oil supply to North Korea -- France 24
China moves to limit North Korea's oil supply -- Sydney Morning Herald
China limits oil trade to North Korea and bans textile trade -- BBC
China Limits Exports of Oil to North Korea, Bans LNG -- VOA
China caps oil supplies to N. Korea, bans gas exports & textile imports in line with UN sanctions -- RT