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China to restrict oil exports to N.Korea
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IANS | 23 Sep, 2017
China on Saturday announced that it would restrict oil exports to North
Korea from October 1 and also suspend textile imports from Pyongyang.
The
Ministry of Commerce will implement UN Security Council Resolution 2375
by halting the export of liquified natural gas and gas condensate and
limit exports of refined oil, reports Xinhua news agency.
However, the ban on textile imports will be effective from Saturday, it said.
Refined
oil exports to North Korea from all UN members is capped at 500,000
barrels from October 1 to the end of the year and 2 million barrels
annually from January 1, 2018.
China will suspend such exports once the total exports approaches the ceiling.
Exported
refined oil products must be used fully on civil purposes, not for
North Korea's nuclear and ballistic missile programmes, or other
activities banned by the UN Security Council, the ministry said.
Last
week, the Council unanimously adopted resolution 2375, imposing fresh
sanctions on North Korea over its nuclear test on September 3, which
violated previous UN resolutions.
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