Russian Information Network
Russian All News Top 10 News News Export Photo magazine All comments
 Russian News Russian News 
Politics
Society
Economics
Accidents
Nature & Health
Hi-Tech
Culture
Sport
Celebrities
World News
 


  Economics 
20 of February, 10:42

China stops imports of coal from North Korea
China says it will stop all coal imports from North Korea starting from Sunday and for the whole of 2017, amid growing tension on the Korean Peninsula after recent missile tests by Pyongyang last week.

The Ministry of Commerce of China, in a public notice in conjunction with the customs authorities of the country on Saturday, said the decision was taken to implement resolution of the UN Security Council. The UN security Council imposed some of the toughest sanctions against the North Korean regime after North Korea has ignored an earlier UN ban, which was introduced after the launch of a nuclear warhead in September 2016.

"The import of coal mined in North Korea would be suspended for the remainder of this year," reads the statement posted on the Ministry's website. Coal is the major export of North Korea and is an important source of foreign exchange for its fragile economy. A large part of the exported coal of North Korea comes to China, its only major ally on the world stage.

North Korean economist Lee Ki-sung, researcher at the Economics Institute of the Academy of social Sciences, believes that the ban of coal will not have much effect. "We export a good amount of coal, but we do not export very much," he said. According to him, the export of other raw materials such as magnesite and graphite, used in the production of smartphones is "very important" for the world's major economies. North Korea supplies more than half of these two types of raw materials in the world, Lee said.

North Korea conducted a successful test of 12 February, the new average long-range ballistic missiles, Pukguksong-2. China disagreed with the launch and joined the other members of the UN Security Council, condemning Pyongyang's actions.

Beijing remains the largest trading partner of Pyongyang, providing economic and political lifeline for an increasingly isolated regime.

China regards North Korea as a strategic buffer between itself and South Korea, which has a significant US military presence. China also fears a potential refugee crisis on its doorstep, if the regime in Pyongyang will suddenly collapse.

sections: Economics, World News, Accidents

143418
eng
ON THIS THEME:
PERSONS ON THIS THEME:
COAL CHAMBER
CHINA Alexander
[View all comments] [Print]
  User Comments 
[Add comment]

There are no comments for this article yet. Be first to post a comment!
[Add comment]
  Headline 
The WTO has allowed Mexico to impose trade sanctions against the United States The WTO has allowed Mexico to impose trade sanctions against the United States

26 of April, 13:34

The United States lost the trade battle with Mexico. Mexico and the United States for many years fought for the import of tuna.

  Worth to read 
Ukraine stopped the supply of electricity to the Lugansk


Ukraine stopped the supply of electricity to the LuganskAt midnight Ukraine stopped the flow of electricity in LC. The lights went out everywhere: on the streets,...
 Galaxy S8 conquered South Korea


Galaxy S8 conquered South KoreaMore than a million new phones Galaxy S8 was ordered in advance in South Korea, setting a new record...

China asks Apple to "tighten control" of the apps in the App Store


China asks Apple to "tighten control" of the apps in the App StoreAccording to the official news Agency Xinhua, authorities in the Chinese capital say they plan to appeal...
 The Eurasian economic Union is headed for expansion


The Eurasian economic Union is headed for expansionThe Eurasian economic Union is headed for expansion. To Russia, Belarus, Kazakhstan, Armenia and Kyrgyzstan...

NASA has shown tremendous growth of cities in India (video)


NASA has shown tremendous growth of cities in India (video)New satellite images released Thursday by NASA show huge growth in Indian cities in recent years.
 Russia is ready to take over a us oil company


Russia is ready to take over a us oil companyRussia is ready to take over a us oil company. Russian state oil company "Rosneft" demands a share in...

  Economics 
Sort by: date rating
Companies refuse to build a wall on the border with MexicoCompanies refuse to build a wall on the border with MexicoMexico will update the free trade agreement with the EUMexico will update the free trade agreement with the EU
Russian Sberbank sold its business in UkraineRussian Sberbank sold its business in UkraineMexico threatened to withdraw from trade agreements with the United States and CanadaMexico threatened to withdraw from trade agreements with the United States and Canada
Crimean enterprises involved in the construction of a bridge across the Kerch StraitCrimean enterprises involved in the construction of a bridge across the Kerch StraitAlaska was discovered around 1.2 billion barrels of oilAlaska was discovered around 1.2 billion barrels of oil
Opened in Sochi the Russian investment forumOpened in Sochi the Russian investment forumChina stops imports of coal from North KoreaChina stops imports of coal from North Korea
Apple plans to start production of iPhone in IndiaApple plans to start production of iPhone in IndiaIn the Kerch Strait started new stage of construction of bridge in CrimeaIn the Kerch Strait started new stage of construction of bridge in Crimea
Ikea will sell rugs made by Syrian refugeesIkea will sell rugs made by Syrian refugeesTrump to impose a tax on imports from MexicoTrump to impose a tax on imports from Mexico
Putin offers acting governors to disclose their incomePutin offers acting governors to disclose their incomeState to pay one-third the cost of an apartment for a young familyState to pay one-third the cost of an apartment for a young family
The shortage of gasoline in Magadan caused by damage to the tankerThe shortage of gasoline in Magadan caused by damage to the tankerOn the roads of Russia will soon appear unmanned trucksOn the roads of Russia will soon appear unmanned trucks
The first freight train from China arrived in the UKThe first freight train from China arrived in the UKIn Discovery suspended the program of resettlement from dilapidated housingIn Discovery suspended the program of resettlement from dilapidated housing
In Africa has paved a new railroadIn Africa has paved a new railroadFacebook will launch a system to identify fake news in GermanyFacebook will launch a system to identify fake news in Germany
 1  2  3  4  5  6  7  8  9  10 >> 106
 Day headline Day headline 
In the Irkutsk region burned thousands of hectares of taiga

28 of April, 15:09

In the Irkutsk region burned thousands of hectares of taiga
 
 News of the week News of the Week 
  • Trump turned to si's negotiations with Taiwan
  • London police have prevented a terrorist attack
  • United Airlines has agreed with the passenger, who was kicked off the plane
  • In the Irkutsk region burned thousands of hectares of taiga
  • In Arkansas a prisoner was executed 4 a week
  • In the Parliament of Macedonia riots broke out
  • Trump does not exclude military conflict with North Korea
  • Russian scientists have created a new standard kilogram
  • In St. Petersburg hosted a conference on Church social service
  • Kaliningrad has identified a major terrorist cell

  •  Photos Photos 
    How to revive your sex drive
    Ballerina strips to `spite paparazzi`
    Top 10 Expensive Cars in the World 2010
    Top 10 Richest Persons In The World Now
    Pictures: Teairra Mari Grinding On Soulja Boy for `Sponsor` Video Shoot...
    Virtual Visiting Cards
    Tests
    Game Server


     News by regions News by regions 
    Far East region
    Volga region
    North-West region
    Siberian region
    Ural region
    Central region
    Southern region

     Subscribe Subscribe 
    Name  
    E-mail   
    Type HTML TEXT
    All sections
    Politics
    Society
    Economics
    Accidents
    Science & Technics
    Culture
    Sport
    In the World
    Top 10 today
     once per 3 hours
     once per 6 hours
     once per 12 hours
     once per 24 hours


     
     
     
    Politics Society Economics Accidents Nature & Health Hi-Tech Culture Sport Celebrities World News
      Copyright © RIN 2005-2006 * Feedback