China, North Korea’s main economic lifeline, will impose bans on exports of iron, steel and other metals, as well as on industrial machinery and transport vehicles to North Korea, from January 6, its Commerce Ministry stated on Friday. Crude oil and refined petroleum supplies will be also capped, in accordance with the restrictions imposed earlier by the UN.
Some North Korean exports to China will also be restricted, including equipment, grain, timber and other agricultural products. Those goods that had been sent prior to the sanctions imposed on December 23 must be released by customs no later than January 24.
The new measures come after the UN Security Council last month unanimously approved new punitive measures, punishing North Korea for its intercontinental ballistic missile test launch on November 29. The new round of sanctions has intensified the economic sanctions regime, slashing the communist state’s refined petroleum product imports and banning all remaining major exports. The measure also demands the repatriation of all North Koreans working abroad within 24 months.
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