You are here: Home » Economy & Policy » News
Business Standard

India at 2nd spot: Check out North Korea's top trading partners

The new sanctions set a cap on crude and refined oil exports to North Korea

Puja Gupta 

North Korean leader Kim Jong Un, center, celebrates what was said to be the test launch of an intermediate range Hwasong-12 missile at an undisclosed location in North Korea. (Photo: PTI| AP)
North Korean leader Kim Jong Un, center, celebrates what was said to be the test launch of an missile at an undisclosed location in North Korea. (Photo: PTI| AP)

The United Nations Security Council voted unanimously to impose a new set of sanctions against in response to Pyongyang’s sixth and strongest nuclear test explosion on September 3. The new sanctions set a cap on crude and refined oil exports to
 
The sale of natural gas will be prohibited and refined petroleum sales will be capped at 2 million barrels annually. The Security Council resolution also bans all textile exports. Geographically, China and share a large border, which makes China a natural partner for trade. Here’s a look at North Korea’s trade numbers in 2016: 

North Korea's top trading partners

North Korea's top trading partners

 

First Published: Mon, September 18 2017. 08:08 IST
RECOMMENDED FOR YOU