Tuesday, September 24, 2013

China Brings in New North Korea Embargoes

Still unhappy with the way that Kim Jong Un is pissing about with his nuclear weapons program, China has brought in new restrictions on exports to the Hermit Kingdom.

A symbolic slap across the wrists for going ahead with it's rocket launch in February, the bans covers items related to nuclear, biological, chemcial and ballistic fields, and includes goods meant for both the civilian and military industries.  The military and poltiical elite in North Korea lives a life of consumer luxury far removed from the rest of the population, thousands of whom struggle day-to-day, often getting by with nothing but dirt in their stomachs.

The ban on these heavy duty exports follows the closing of a number of key bank accounts at the state run Bank of China, opened by North Korean banks.  Since North Korea relies on China for 83% of its imports, the sanctions will hopefully pressure Kim Jong Un to return to the negotiating table over it's nuclear program.


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