China announces sanctions on North Korea in line with UN
Print Edition
CHINA yesterday 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 programs after a fourth nuclear test in January and the launch of a long-range rocket in February.
The mining sector is a key part of North Korea’s economy.
Experts believe revenue from the sector helps underwrite North Korea’s military expenditures.
The ministry said it would also ban coal shipments from North Korea, although it made exemptions consistent with sanctions, including uses intended for “the people’s well-being” and not connected to nuclear or missile programs.
An exception was made for coal originating in third countries and supplied via North Korea’s port of Rason. Landlocked Mongolia, looking for alternative supply routes for its commodities, has already signed an agreement with the port that gave its exporters preferential treatment.
Export bans on jet and rocket fuel included exemptions for “basic humanitarian needs” in conjunction with inspections, and for civilian passenger jets flying outside of North Korea.
Other restricted minerals include vanadium and titanium, both used in steel alloys.
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