China Overbears NK Import of Coal

China halts North Korean coal imports | The Japan Times
BEIJING –

China announced Saturday that it was suspending coal imports from North Korea for three weeks, in line with the latest United Nations sanctions against the hermit state.

“After the adoption of U.N. Security Council resolution 2321 … China is suspending North Korean coal imports,” the government said in a statement.

The three-week suspension starts Sunday and ends on Dec. 31, according to the statement.

The Security Council passed the resolution on the international sanctions against Pyongyang on November 30 in the wake of the North’s Sept. 9 nuclear test.

It limits North Korea’s coal exports next year to 7.5 million tons or just over $400 million, down 62 percent on 2015.

The cap represents a fraction of the North’s current annual exports to China, the isolated country’s sole ally and its main provider of trade and aid.

China imported 1.8 million tons of coal worth $101 million from North Korea in October alone, according to the most recent figures available on the Chinese Customs website. The volume was up nearly 40 percent year-on-year.

Under previous sanctions, the Security Council authorized the purchase of coal from North Korea provided revenues were not used to finance Pyongyang’s nuclear program.

However, the U.N. did not specify any assessment criteria, which allowed Beijing to increase its imports considerably while saying it was acting in good faith.

Between March and October, 24.8 million tons of coal was imported, three times the annual limit now allowed by the U.N.

Although Beijing has traditionally protected Pyongyang diplomatically, believing that Kim Jong Un’s regime is preferable to its collapse, it has grown frustrated by its neighbor’s defiance.

http://www.japantimes.co.jp/news/2016/12/10/world/china-halts-north-korean-coal-imports/

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s