Beijing Has Ordered North Korean-Owned Businesses In China To Close By January.
On Thursday China's commerce ministry said that companies, including joint ventures with Chinese firms, have 120 days to close from the date the UN resolution was adopted on September 11.
The sanctions spare, on a case by case basis, entities involved in non-commercial activities or public utility infrastructure projects that do not generate profits.
China is North Korea's main trading partner, making Beijing's cooperation essential to the success of sanctions imposed to stopPyongyang'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 government.
The latest round of sanctions approved by the UN Security Council ban member countries from operating joint ventures with 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 on Saturday that it would cut off gas and limit shipments of refined petroleum products, effective January 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 UN sanctions.
On Thursday China's commerce ministry said that companies, including joint ventures with Chinese firms, have 120 days to close from the date the UN resolution was adopted on September 11.
The sanctions spare, on a case by case basis, entities involved in non-commercial activities or public utility infrastructure projects that do not generate profits.
China is North Korea's main trading partner, making Beijing's cooperation essential to the success of sanctions imposed to stopPyongyang'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 government.
The latest round of sanctions approved by the UN Security Council ban member countries from operating joint ventures with 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 on Saturday that it would cut off gas and limit shipments of refined petroleum products, effective January 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 UN sanctions.
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