World: North Korea Has Breached Oil Import Limit, U.S. Tells UN - PressFrom - US
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WorldNorth Korea Has Breached Oil Import Limit, U.S. Tells UN

00:20  13 june  2019
00:20  13 june  2019 Source:   bloomberg.com

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North Korea has chronic energy shortages and satellite images of the peninsula at night illustrate the problem by showing a brightly lit South Korea and an almost completely dark North Korea , formally known as the Democratic People’ s Republic of Korea . After a series of missile launches and nuclear

North Korea Has Breached Oil Import Limit , U . S . Tells UN . U . S . sanctions against Iran already include carve-outs for humanitarian transactions. But European nations argue that Instex is needed to provide European companies and banks stronger assurances that they won’t be hit by U . S . sanctions

North Korea Has Breached Oil Import Limit, U.S. Tells UN© Bloomberg The crude oil tanker 'Devon' sails through the Persian Gulf towards Kharq Island to transport crude oil to export markets in the Persian Gulf, Iran, on Friday, March 23, 2018. Geopolitical risk is creeping back into the crude oil market.

(Bloomberg) -- The U.S. and its allies accused North Korea of importing more petroleum so far this year than allowed under United Nations sanctions, according to a report to a Security Council committee.

While Kim Jong Un’s regime is permitted to import as much as 500,000 barrels of oil, the U.S. said Tuesday in a letter seen by Bloomberg News that the country has exceeded that amount through illicit ship-to-ship transfers. The letter, signed by allies including Australia, France, Japan and Germany, was sent along with a detailed report documenting the suspected illegal oil transfers.

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Trump still optimistic as North Korea warns its patience is limited President Donald Trump said Wednesday that he still believes North Korea "would like to make a deal" and left the door open for a third summit with Kim Jong Un despite a new warning from Pyongyang urging the US to change the course of its negotiations "before it is too late." "I think they would like to make a deal and we would like to make a deal," Trump told reporters during his visit to Ireland, adding that he looks forward to seeing Kim "at the appropriate time.

North Korea has increasingly pressured the South to disregard international sanctions | Photo: Pyeongyang Press Corps. The U . S . Department of State could not comment on the issue due to an ongoing furlough, while the 1718 Committee previously told NK News that negotiations surrounding

North Korea has breached United Nations sanctions by exceeding the annual cap for imports of the U . S . sent a report Thursday to the U .N. committee that monitors North Korean sanctions. And it called on the committee to stop all oil transfers to the country. Late last year, the U .N. put a cap on

The U.S. and its allies requested that the committee, headed by German Ambassador Christoph Heusgen, call on all member states to “exercise enhanced vigilance against the DPRK attempting to procure additional refined petroleum products,” to notify member states that the quota has been exceeded, and order an immediate halt to further transfers.

“The United States and its partners remain gravely concerned about the degree of UN Security Council resolution violations that are occurring in relation to North Korea’s import of refined petroleum products,” the U.S. mission to the UN wrote in the report. “As long as the DPRK continues to import refined petroleum products with no accountability at the UN,” the resolution won’t “have its intended effect,” it said.

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The U . S . accused North Korea of obtaining oil through "illicit ship-to-ship transfers.".

The trafficking has also strained relations between the United States and North Korea ’ s two largest trading partners, China and Russia. Last month, the United States tried to persuade other members of the United Nations Security Council to blacklist 10 ships that it said were involved in smuggling oil

Sanctions enforcement is a crucial aspect of President Donald Trump’s effort to get Pyongyang to eliminate its nuclear program by choking off the hard cash that keeps North Korea’s meager economy alive. China has been accused of looking the other way out of fear that North Korea could face a humanitarian crisis, and Acting U.S. Defense Secretary Patrick Shanahan recently gave his Chinese counterpart 32 pages of photographs and satellite images of North Korea delivering shipments of oil near China’s coast.

At a summit in February in Hanoi that collapsed without a deal, the U.S. said North Korean’s Kim offered to shut down his main Yongbyon nuclear complex in return for easing sanctions. Trump and Secretary of State Michael Pompeo said they couldn’t accept the proposal because the regime still had hidden nuclear production facilities and missiles elsewhere that could threaten the U.S.

North Korea's slain half-brother was a CIA informant: Wall Street Journal

North Korea's slain half-brother was a CIA informant: Wall Street Journal North Korea's slain half-brother was a CIA informant: Wall Street Journal

Russian tankers have handed over fuel to North Korean vessels at least three times in recent Satellite photos also claim to show Chinese ships secretly supplying oil to North Korea by transferring it at sea. The US State Department has since called on Russia and other UN members to "strictly

The United States said Thursday that North Korea has already exceeded the annual cap allowed for oil Although tensions have eased up since President Trump met North Korean leader Kim Jong Un in North Korea characterized U . S . attitudes as being “gangster-like” when Secretary of State Mike

U.S. officials have said contact between the two sides has been severely limited since the summit’s collapse. Trump extended an olive branch to North Korea on Tuesday, complimenting Kim for sending him a “beautiful” letter and saying he wouldn’t have allowed the CIA to recruit the his slain brother as an intelligence asset.

The latest U.S. allegation comes after a report by a UN Panel of Experts submitted to the council earlier this year that said North Korea successfully evaded sanctions to import as much as seven-and-a-half times the allowed amount of refined petroleum last year.

North Korea Bypasses Sanctions With Illicit Oil, Coal Transfers

North Korea has chronic energy shortages, and satellite images of the peninsula at night illustrate the problem by showing a brightly lit South Korea and an almost completely dark North Korea, formally known as the Democratic People’s Republic of Korea.

After a series of missile launches and nuclear weapons tests by North Korea in 2017, the UN Security Council imposed three rounds of sanctions on Pyongyang, including oil-import restrictions.

In the report sent to the council on Tuesday, the U.S. and Japan documented at least eight instances of ship-to-ship transfers this year in which “DPRK-flagged tankers received refined petroleum products from feeder tankers that have not been reported to the” UN Committee for its official accounting of North Korean imports.

To contact the reporter on this story: David Wainer in New York at [email protected]

To contact the editors responsible for this story: Bill Faries at [email protected], Jon Herskovitz, Larry Liebert

For more articles like this, please visit us at bloomberg.com

©2019 Bloomberg L.P.

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