Close Menu
Chronicle NG
    Trending Stories
    APC national secretariat as party confirms May 23, 2026 presidential primary election date

    APC confirms May 23 for presidential primary, denies postponement claims

    May 14, 2026
    President Bola Tinubu speaking at the Africa Forward Summit in Nairobi, Kenya, on Nigeria’s rising debt servicing costs and economic reforms.

    Tinubu invites Guinea’s Doumbouya for state visit to Nigeria

    May 14, 2026
    Officials of the Wike-backed PDP faction conduct screening for presidential and governorship aspirants in Abuja ahead of the 2027 elections.

    Wike-backed PDP faction begins screening aspirants for 2027 elections

    May 14, 2026
    Facebook X (Twitter) Instagram
    Trending
    • APC confirms May 23 for presidential primary, denies postponement claims
    • Tinubu invites Guinea’s Doumbouya for state visit to Nigeria
    • Wike-backed PDP faction begins screening aspirants for 2027 elections
    • Meta launches private ‘Incognito Chat’ for WhatsApp AI users
    • Nigeria, Rwanda deepen ties with visa-free travel, trade cooperation
    • NMA threatens EFCC with N1bn lawsuit over UUTH raid
    • JUST IN: Makinde declares 2027 presidential ambition at PDP–APM rally
    • WHO declares Tunisia free of Trachoma as public health problem
    Facebook X (Twitter) Instagram
    Chronicle NGChronicle NG
    Subscribe
    Thursday, May 14
    • News
      • Nigeria News
      • World News
      • Headlines News
    • Politics
    • Business
    • Sport
    • Entertainment
    • Contact Us
    Chronicle NG

    China orders North Korean businesses closed under UN sanctions

    Chronicle EditorBy Chronicle EditorSeptember 28, 2017No Comments2 Mins Read
    Facebook Twitter Telegram WhatsApp
    Xi, Chinese president vows to reunify Taiwan with China
    Chinese President Xi Jinping
    Facebook Twitter WhatsApp

    China President Xi Jingping

    China on Thursday ordered North Korean-owned businesses to close, cutting foreign revenue for the isolated North under U.N. sanctions imposed over its nuclear and missile programs.

    China is North Korea’s main trading partner, making Beijing’s cooperation essential to the success of sanctions imposed in an effort to top the North’s pursuit of weapons technology. China has long been North Korea’s diplomatic protector but has gone along with the latest penalties out of growing frustration with leader Kim Jong Un’s government.

    North Korean businesses and ventures with Chinese partners must close within 120 days of the Sept. 11 approval of the latest sanctions, according to the Ministry of Commerce. That would be early January.

    North Korean companies operate restaurants, trading outfits and other ventures in China, helping to provide the North with foreign currency.

    The latest round of sanctions approved by the U.N. Security Council ban member countries from operating joint ventures with North Korea.

    Read Also Malaysia bans all citizens from travelling to North korea

    The sanctions also ban sales of natural gas to North Korea and purchases of the North’s textile exports, another key revenue source. They order other nations to limit fuel supplies to the North.

    China, which provides the bulk of North Korea’s energy supplies, announced Saturday it would cut off gas and limit shipments of refined petroleum products, effective Jan. 1. It made no mention of crude, which makes up the bulk of Chinese energy supplies to North Korea and is not covered by the U.N. sanctions.

    China also has banned imports of North Korean coal, iron and lead ore, and seafood since early September.

    On Thursday, the Ministry of Commerce defended its recent imports of North Korean coal as permitted by U.N. sanctions.

    A ministry spokesman, Gao Feng, said imports that were reported in August trade data were allowed by a “grace period” for goods that arrived before the U.N. ban took effect.

    The imports are “in line with the (U.N.) resolution,” Gao said.

    Copyright 2017 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

    Share. Facebook Twitter Telegram WhatsApp

    Keep Reading

    Real Madrid President, Florentino Perez thinks otherwise on the European Super League

    Real Madrid begin presidential election process

    Scientists warn FIFA over extreme heat ahead 2026 World Cup

    Scientists warn FIFA over extreme heat ahead 2026 World Cup

    The US announced Wednesday it would ease its system of demanding bond payments of visa applicants for certain fans seeking to come for the World Cup.

    US relaxes visa policy for World Cup

    Inter Milan lifts the Coppa Italia trophy

    Inter Milan ease past Lazio to win Coppa Italia and seal double

    Man City slice Arsenal's league lead to two points with 3-0 win over Crystal Palace

    Man City beat Crystal Palace to keep heat on Arsenal

    PSG players celebrate winning the Ligue 1 title after defeating Lens 2-0 in Paris.

    PSG balance Ligue 1 glory with Champions League dream

    Subscribe to News

    Be the first to get the latest news updates from ChronicleNG about world, sports, politics etc

    APC national secretariat as party confirms May 23, 2026 presidential primary election date

    APC confirms May 23 for presidential primary, denies postponement claims

    May 14, 2026
    President Bola Tinubu speaking at the Africa Forward Summit in Nairobi, Kenya, on Nigeria’s rising debt servicing costs and economic reforms.

    Tinubu invites Guinea’s Doumbouya for state visit to Nigeria

    May 14, 2026
    Officials of the Wike-backed PDP faction conduct screening for presidential and governorship aspirants in Abuja ahead of the 2027 elections.

    Wike-backed PDP faction begins screening aspirants for 2027 elections

    May 14, 2026
    Meta launches private ‘Incognito Chat’ for WhatsApp AI users

    Meta launches private ‘Incognito Chat’ for WhatsApp AI users

    May 14, 2026
    President Bola Tinubu meets Rwanda’s President Paul Kagame during bilateral talks in Kigali.

    Nigeria, Rwanda deepen ties with visa-free travel, trade cooperation

    May 14, 2026
    Facebook X (Twitter) Instagram
    • Politics
    • News
    • Sports
    • Business
    • About Us
    © 2026 ChronicleNG

    Type above and press Enter to search. Press Esc to cancel.