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China halts business with North Korea

Китай прекращает бизнес с Северной КореейNorth Korean companies in China should be closed in early January 2018.

The authorities of China in accordance with UN sanctions against Pyongyang ordered before the end of the year to stop the activities of all established in the territory of the country combines with the DPRK enterprises.

In China’s Ministry of Commerce announced that the North Korean company must be closed within 120 days after the latest UN sanctions, approved on 11 August.

Thus, the company of North Korea in China should be closed in early January 2018.

It is noted that the companies of the DPRK are for restaurant and other business in China, helping to provide the North with foreign currency. North Korean workers are also working in Chinese factories and other enterprises.

China, which provides the bulk of the energy supply of North Korea, announced on September 23 that will stop gas supplies to Pyongyang, and will limit the supply of oil products from 1 January.

Beijing, however, did not mention crude oil, which makes up the bulk of Chinese energy supplies to North Korea.

China has also banned imports of North Korean coal, iron and lead ore and seafood since the beginning of September.

Recall, September 3, North Korea announced the successful test of a hydrogen warhead, which is designed to equip Intercontinental ballistic missiles.

In response, the United States has initiated new sanctions against North Korea in the UN security Council.

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