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China enforces UN sanctions
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CHINA is to ban exports of some petroleum products to North Korea, as well as imports of textiles, in line with a United Nations Security Council resolution passed after Pyongyang’s latest nuclear test.
The Ministry of Commerce said in a statement that China would limit exports of refined petroleum products from October 1 and ban exports of condensates and liquefied natural gas immediately to comply with the UN sanctions.
Imports of textiles from North Korea would also be banned immediately, the statement said.
Textile trade contracts signed before September 11 would be respected if import formalities are completed before midnight on December 10, the statement said.
The moves follow the adoption of a UN Security Council agreement on sanctions after North Korea conducted its most powerful nuclear test on September 3.
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 total exports approach the ceiling.
Exported refined oil products must be used fully on civil purposes, not for nuclear and ballistic missile programs, or other activities banned by the UN Security Council, the ministry said.
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