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    Chronicle NG

    China orders North Korean businesses closed under UN sanctions

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

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