China to restrict oil exports to N.Korea

IANS  |  Beijing 

on Saturday announced that it would restrict to North Korea from October 1 and also suspend textile from Pyongyang.

The Ministry of Commerce will implement UN Security Council Resolution 2375 by halting the export of liquified natural gas and gas condensate and limit of refined oil, reports Xinhua news agency.

However, the ban on textile will be effective from Saturday, it said.

Refined 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.

will suspend such once the total approaches the ceiling.

Exported refined products must be used fully on civil purposes, not for North Korea's nuclear and ballistic missile programmes, or other activities banned by the UN Security Council, the ministry said.

Last week, the Council unanimously adopted resolution 2375, imposing fresh sanctions on North Korea over its nuclear test on September 3, which violated previous UN resolutions.

--IANS

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First Published: Sat, September 23 2017. 10:54 IST