China to ban steel exports to DPRK, cap crude oil exports

0 Comment(s)Print E-mail Xinhua, January 6, 2018
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China's Ministry of Commerce Friday banned steel and other metal exports to the Democratic People's Republic of Korea (DPRK) and limited exports of crude oil and refined oil products.

The move, in line with the UN Security Council resolutions, will be effective from Saturday.

China will halt exports of industrial machinery, certain vehicles, iron, steel and other metals to the DPRK, the ministry said on its website.

Exports of crude oil will not exceed four million barrels (525,000 tonnes) during any 12-month period, and exports of refined oil products will cease when the total approaches a ceiling of 500,000 barrels.

The ministry will also ban imports of grain, farm produce, certain types of minerals, electric devices and other products from the DPRK.

The decision came after the UN Security Council in December adopted Resolution 2397 to tighten sanctions against the DPRK in response to its latest ballistic missile launch.

Resolution 2397 is the 10th Security Council resolution to contain sanctions against the DPRK since 2006, when it carried out its first nuclear weapon test. 

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