North Korea's Petroleum Imports Breached Sanctions Cap: UN Experts
Umer Jamshaid Published March 06, 2021 | 02:29 PM
North Korea illicitly imported far more refined petroleum products last year than allowed under an annual threshold set by United Nations sanctions, a report seen by AFP revealed
Seoul (UrduPoint / Pakistan Point News - 6th Mar, 2021 ) :North Korea illicitly imported far more refined petroleum products last year than allowed under an annual threshold set by United Nations sanctions, a report seen by AFP revealed.
Pyongyang can import up to 500,000 barrels per year, but from January through September last year the isolated regime received petroleum products that exceeded that cap "by several times", according to a Panel of Experts report submitted to the UN Security Council.
Citing "images, data and calculations", the new report claimed at least 121 shipments of refined petroleum products -- such as gasoline and diesel -- were delivered to North Korea by an unnamed member state's tankers and others.
The shipments mark Pyongyang's latest circumvention of international embargoes meant to stem its weapons development by choking off revenue needed to keep its economy running.
Despite multiple sets of sanctions -- including limits on Pyongyang's oil imports and a ban on its exports of coal, fish and textiles -- the country has continued to develop its nuclear and ballistic missile arsenal, analysts say.
Nuclear negotiations between Pyongyang and Washington have been at a standstill since a summit between Kim Jong Un and then-US president Donald Trump broke down over sanctions relief and what North Korea would be willing to give up in return.
The panel of UN experts also said the North has continued to produce fissile material -- a crucial ingredient for nuclear weapons -- and has stolen more than $300 million worth of cryptocurrencies through cyberattacks to support its banned nuclear programmes.
Pyongyang's "total theft of virtual assets from 2019 to November 2020 is valued at approximately $316.4 million", the report said, citing a UN member state.
Related Topics
Recent Stories
Justice Ishtiaq Ibrahim takes oath as PHC Chief Justice
Mohammad Rizwan likely to be made vice-captain of T20I team
Realme C53 Price Slash: High-Tech Meets High Style at New Low Price!
CPEC has given new boost to economic, cultural relations b/w Pakistan, China: PM
Imran Khan's wife Bushra Bibi's medical tests conducted on court orders
Pakistan requesting multi-billion-dollar loan programme from IMF: Finance Minist ..
Passing out parade of cadets at PMA Kakul
Govt bringing reforms in energy, revenue collection, SOEs: Aurangzeb
Pakistan, New Zealand to face off in 2nd T20I match at Rawalpindi today
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 20 April 2024
Today Gold Rate in Pakistan 20 April 2024
Tennis: ATP Barcelona Open results - 1st update
More Stories From Business
-
Food minister checks restaurants, food points, imposes heavy fines over violations
5 minutes ago -
NPO's four day wksp on gemstones to hold in Islamabad by
25 minutes ago -
‘Socio-Economically, Bicycle Day’ a productive activity for human life: Ambassador Agnes
45 minutes ago -
Gold rates up by Rs.1,500 per tola to Rs.252,200
2 hours ago -
Pakistan requesting multi-billion-dollar loan programme from IMF: Finance Minister
2 hours ago -
LCCI for joint efforts to promote Pak-Afghan trade
3 hours ago
-
Govt bringing reforms in energy, revenue collection, SOEs: Aurangzeb
4 hours ago -
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 20 April 2024
8 hours ago -
Today Gold Rate in Pakistan 20 April 2024
9 hours ago -
Pakistan aims to agree outline of new IMF loan in May - Finance Minister
19 hours ago -
FTO commends FBR's role for prompt resolution of tax payers’ issues
19 hours ago -
BISP embraces E-procurement: launches inaugural tender
21 hours ago