The Hanoitimes - The sanctions leave direct impact on North Korean economy shown through a sharp decline in exports last year. What are visions for the denuclearization after second no-deal summit? The failure of the second Trump-Kim summit in Hanoi suggests sanctions remain a big issue between the US and North Korea, foreign media quoted international experts as saying. The UN Security Council votes to adopt a resolution imposing sanctions against North Korea. Photo: Getty Images North Korean nuclear negotiator Kim Yong Chol told Secretary of State Mike Pompeo in May 2018 that Pyongyang’s shift away from weapons was “not a result of sanctions that have been imposed from outside.” But in July 2018, Seoul-based Bank of Korea estimated the North Korean economy had seen its biggest decline in two decades, with the country’s real annual gross domestic product (GDP) falling by 3.5% in 2017 while exports declined 37.2% in 2017 alone. … [Read more...] about How much do US-led sanctions hurt North Korea economy?
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Russia and China on Thursday (Jul 19) put a six-month hold on a request from the United States to the UN Security Council to halt all deliveries of refined oil products to North Korea, diplomats said. In this photo taken on Jul 21, 2017, a petrol station worker walks past a fuel truck in Pyongyang. (Photo: AFP/Ed Jones) The United States, seeking to maintain pressure on the North to dismantle its nuclear program, asked a UN sanctions committee last week to ban further fuel shipments after accusing Pyongyang of using illegal imports to exceed a cap on permissible deliveries. A UN sanctions resolution adopted last year set ceilings for North Korea of four million barrels of crude oil per year and 500,000 barrels of refined oil products. Chart showing the value of North Korea's refined oil imports 2012 to 2016, with China and Russia's share of the yearly total. Non-photo version. AFP/John SAEKI A cut-off of oil and fuel would have to be enforced primarily by China, … [Read more...] about Russia, China urge delay as US seeks to cut off oil to North Korea
White House says 'powerful' sanctions to remain on North Korea A combination photo shows U.S. President Donald Trump and North Korean leader Kim Jong Un (R) in Washignton, DC, U.S. May 17, 2018 and in Panmunjom, South Korea, April 27, 2018 respectively – PHOTO: REUTERS WASHINGTON (REUTERS) - The White House said on Monday its policy of tough sanctions on North Korea has not changed, days after U.S. President Donald Trump said he no longer wanted to use the phrase “maximum pressure” to describe the campaign to press North Korea to give up its nuclear weapons. After meeting a senior official from Pyongyang at the White House on Friday, Trump said North Korea was being more cooperative and that although sanctions would remain in place, he would hold off on imposing new ones. Trump said he didn’t want to use the term “maximum pressure” any more, because the two sides were “getting along.” Asked at a news briefing on Monday whether … [Read more...] about White House says ‘powerful’ sanctions to remain on North Korea
WASHINGTON: US President Donald Trump on Monday (May 21) urged China to maintain tight control of its border with North Korea until he signs a denuclearisation deal with Kim Jong UN. Donald Trump, China's President Xi Jinping, and North Korea's leader Kim Jong Un at a railway station in Seoul AFP/KIM Sue-han Trump is scheduled to hold a landmark summit with the North Korean leader Jun 12 in Singapore, but Pyongyang recently has threatened to pull out over US demands for "unilateral nuclear abandonment." "China must continue to be strong & tight on the Border of North Korea until a deal is made," Trump tweeted, suggesting China may have eased up on enforcing economic sanctions against Pyongyang. "The word is that recently the Border has become much more porous and more has been filtering in.", he wrote, adding he wants North Korea to be 'VERY successful,' but only once a deal has been reached on denuclearization," he said. China is North Korea's biggest trade partner, and … [Read more...] about Trump urges China to clamp down on North Korea border
North Korea on Wednesday threw into question an unprecedented summit between its leader Kim Jong Un and U.S. President Donald Trump scheduled for next month, denouncing military exercises between South Korea and the United States as a provocation and calling off high-level talks with Seoul. A report on North Korea’s official Korean Central News Agency angrily attacked the “Max Thunder” air combat drills, which it said involved U.S. stealth fighters and B-52 bombers, and appeared to mark a break in months of warming ties between North and South Korea and between Pyongyang and Washington. Any cancellation of the June 12 summit in Singapore, the first meeting between a serving U.S. president and a North Korean leader, would deal a major blow to Trump’s efforts to score the biggest diplomatic achievement of his presidency. Trump has raised expectations for a successful meeting even as many analysts have been skeptical of the chances of bridging the gap due to … [Read more...] about North Korea casts doubt on Trump summit, suspends talks with South