Economics

North Korea Has Breached Oil Import Limit, U.S. Tells UN

  • North Korea accused of illicit high-seas transfers of oil
  • Letter cites at least eight ship-to-ship transfers this year
Trump Says He Got 'Warm Letter' From Kim Jong Un
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The U.S. and its allies accused North Korea of importing more petroleum so far this year than allowed under United Nations sanctions, according to a report to a Security Council committee.

While Kim Jong Un’s regime is permitted to import as much as 500,000 barrels of oil, the U.S. said Tuesday in a letter seen by Bloomberg News that the country has exceeded that amount through illicit ship-to-ship transfers. The letter, signed by allies including Australia, France, Japan and Germany, was sent along with a detailed report documenting the suspected illegal oil transfers.