What Are N.Korea's Real Oil Imports?

Elias Hubbard
September 13, 2017

The Trump administration warned Tuesday that the USA will punish companies in China and Russian Federation that don't comply with restrictions in the new worldwide sanctions on North Korea.

Serving as the main economic lifeline for North Korea, China accounts for about 90 percent of Pyongyang's trade and is a major supplier of oil to the country. This is likely to hit the funding of its nuclear programmes.

Monday's resolution was the ninth one unanimously adopted by the United Nations since 2006.

Ever wondered what the city of Pyongyang looks like?

"These new sanctions send a loud and clear message to North Korea that its behaviour will not be tolerated by the worldwide community and will be met with significant consequences".

"We are not looking for war".

The boss of one seafood trading company told the South China Morning Post earlier that business had slowed since the ban, but some traders were entering the North Korean trade zone during evening high tide and loading up with seafood before returning to Dandong. If it proves it can live in peace, the world will live in peace with it. "The choice is theirs".

Oil prices are skyrocketing just a week after the North conducted its sixth and strongest nuclear test on September 3. However, these proposals were dropped later.

Meanwhile, UN Resolution 2375 caps Pyongyang's imports of crude oil at the current level of 4 million barrels a year and limits the import of refined petroleum products to 2 million barrels per year. The resolution prohibits countries from providing work authorizations to additional North Korean nationals, leaving room for a "case-by-case" review in the case of humanitarian assistance, and does not apply to work authorizations for which written contracts have been finalized previously.

The latest resolution does not include North Korean leader Kim Jong-un or his sister on its blacklist, as initially proposed.

When combined with recent sanctions on coal and other products, a full 90 percent of Pyongyang's exports were now fully banned, she said. It's possible North Korea is either trying to run out the clock on the United States, betting on the unlikelihood of President Donald Trump resorting to the "fire and fury" response he threatened in August.

"The world will witness how (North Korea) tames the U.S. gangsters by taking a series of actions tougher than they have ever envisaged", the foreign ministry said in a statement carried by the official KCNA news agency.

"The DPRK is ready and willing to use any form of ultimate means", Pyongyang said in a statement, according to CNN. Security Council's decision to impose tougher sanctions and doubled down on its warning that the United States would "suffer the greatest pain" it has ever experienced for leading the effort to ratchet up economic pressures on the reclusive nation.

Other reports by Click Lancashire

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