print PRINT

INTERNATIONAL > U.N. & Other Agencies

UN sanctions resolution on North Korea includes oil export cap

  • September 12, 2017
  • , All national papers
  • JMH Summary

All papers front-paged reports on the amended sanctions resolution arising from North Korea’s sixth nuclear test on Sept. 3 The resolution places restrictions on exports of crude oil and petroleum products to North Korea for the first time, but was watered down from an earlier U.S. draft that called for a total ban on oil exports. The resolution imposes an annual limit on crude oil exports to Pyongyang by prohibiting the level from exceeding that of the previous 12 months and capping the annual supply or export of refined petroleum products at 2 million barrels. It also prohibits Pyongyang from exporting textiles as originally planned. However, an earlier plan to impose an asset freeze and travel ban on Kim Jong Un was not reflected in the revised draft.

 

The papers wrote that the U.S. made major concessions on the resolution to give consideration to China and Russia, which are cautious about imposing further sanctions on Pyongyang.

  • Ambassador
  • Ukraine
  • OPINION POLLS
  • COVID-19
  • Trending Japan