United Nations — On Thursday, Russia and China asked for more time to consider a request from the US to the UN Security Council to halt all deliveries of refined oil products to North Korea, diplomats said. The US asked a UN sanctions committee last week to ban further shipments after accusing North Korea of exceeding a cap on the fuel deliveries through illegal imports. Under a UN sanctions resolution adopted last year, crude oil supplies to North Korea were limited to 4-million barrels a year and a ceiling of 500,000 barrels of refined oil products a year was set. A cut-off of oil and fuel would be primarily enforced by China, which supplies North Korea with most of its energy needs, but also Russia, which has delivered some oil to Pyongyang. The move by Russia and China came ahead of a meeting on Friday between US secretary of state Mike Pompeo and the UN Security Council in New York on Washington’s drive to persuade North Korea to scrap its nuclear and missile programmes. Diplom...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, Morningstar financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00.