China suspends coal purchases from North Korea
Finally! In an apparent response to North Korea’s recent ballistic missile test China has suspended its coal purchases from North Korea through the end of this year.
China will suspend all imports of coal from North Korea until the end of the year, the Commerce Ministry announced Saturday, in a surprise move that would cut off a major financial lifeline for Pyongyang and significantly enhance the effectiveness of U.N. sanctions. Coal is North Korea’s largest export item, and also China’s greatest point of leverage over the regime.
The ministry said the ban would come into force Sunday and be effective until Dec. 31. China said the move was designed to implement November’s United Nations Security Council resolution that tightened sanctions against the regime in the wake of its last nuclear test.
While there are doubts this will change policy in North Korea, it does indicate that China is finally losing patience with that rogue state and its threatening behavior. And since China is one of the few countries that does any trade with North Korea, it is probably one of the few countries that can influence it in any way.
Finally! In an apparent response to North Korea’s recent ballistic missile test China has suspended its coal purchases from North Korea through the end of this year.
China will suspend all imports of coal from North Korea until the end of the year, the Commerce Ministry announced Saturday, in a surprise move that would cut off a major financial lifeline for Pyongyang and significantly enhance the effectiveness of U.N. sanctions. Coal is North Korea’s largest export item, and also China’s greatest point of leverage over the regime.
The ministry said the ban would come into force Sunday and be effective until Dec. 31. China said the move was designed to implement November’s United Nations Security Council resolution that tightened sanctions against the regime in the wake of its last nuclear test.
While there are doubts this will change policy in North Korea, it does indicate that China is finally losing patience with that rogue state and its threatening behavior. And since China is one of the few countries that does any trade with North Korea, it is probably one of the few countries that can influence it in any way.