China finally agrees to limit oil supply to North Korea

RSTV Bureau
File photo of North Korean leader Kim Jong Un,

File photo of North Korean leader Kim Jong Un

In a big setback to North Korea, China, which is Pyongyang’s biggest trading partner and diplomatic ally, announced that it will limit oil exports to the isolated country under the UN sanctions.

Exports of refined petroleum to the North will be limited to 2 million barrels per year and sales of liquefied natural gas banned outright, effective January 1, the Commerce Ministry said.

However, the current size of Chinese energy supplies to North Korea remained unclear.

China also will ban textile imports from the North, the ministry said. Textiles are one of the North’s last major sources of foreign revenue following repeated rounds of UN sanctions under which Beijing cut off purchases of coal, iron ore, seafood and other goods.

China accounts for some 90 per cent of the North’s trade, making its cooperation critical to any efforts to derail Pyongyang’s development of nuclear weapons and long-range missiles.

Chinese leaders were long the North’s diplomatic protectors but express increasing frustration with the government of Kim Jong-un.

China has supported the latest rounds of UN Security Council sanctions but are reluctant to push Pyongyang too hard for fear the government might collapse.

They also argue against doing anything that might hurt ordinary North Koreans.

In defiance of UN sanctions, the North continues its nuclear and missile development despite multiple warnings from world powers.

(With inputs from agencies)