Economics
China Acts on UN Sanctions by Banning North Korean Coal, Iron
- Neighbor's coal imports represent 40% of Pyongyang's trade
- U.S., allies seek economic squeeze to force Kim to negotiate
China Acts on North Korea Sanctions
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China made good on its pledge to support a key provision of United Nations sanctions over North Korea’s nuclear weapons program, banning imports of coal, iron ore and other commodities from its reclusive neighbor.
The Ministry of Commerce in Beijing announced the ban Tuesday after Chinese President Xi Jinping returned from the Nuclear Security Summit in Washington, where he huddled with U.S. counterpart Barack Obama over efforts to bring North Korea back to the negotiating table. The measure, which includes gold, titanium, vanadium and rare earth imports, also restricts jet fuel exports from China.