China denies improper North Korea oil supplies after Trump criticism

The Lighthouse Winmore is one of 10 ships the United States has asked the UN Security Council to blacklist for violating sanctions against North Korea.

"China has applied certain import bans and sanctions, but it could and should do more, " he wrote in The New York Times. I am not aware of whether the ship has visited other countries' ports.

On Friday, South Korean authorities said they seized a Hong Kong-flagged vessel suspected of transferring oil to a North Korean vessel at sea on October 19.

Resolution 2397, adopted on December 22, allows a country to seize, inspect and impound any vessel within its territorial waters that is suspected of engaging in prohibited activities with North Korea.

The ship, which also transferred oil to three other non-North Korean ships, was chartered by Taiwan's Billions Bunker Group and stopped in South Korea to load up about 14,000 tons of Japanese oil products.

I would like to reiterate that the Chinese government has been comprehensively, accurately, faithfully and strictly implementing the Security Council's DPRK-related resolutions.

She added: "If there is solid evidence proving that there is on the Chinese side any violation of the Security Council resolutions, China will surely deal with it in accordance with laws and regulations, and not a single case of violation should get away with it".

The officials said South Korea had shared intelligence with the U.S. for the detection of the illegal transaction.

The ship's 25 crew members - 23 of them Chinese nationals and two from Myanmar - are being held at Yeosu but will be allowed to leave South Korea after authorities are finished investigating them, the official said. "China's relevant position remains unequivocal".

Today's Brokerage Rating: Cousins Properties Incorporated (CUZ), Coeur Mining, Inc. (CDE)
The institutional investor purchased 50,762 shares of the real estate investment trust's stock, valued at approximately $479,000. The stock of Cousins Properties Incorporated (NYSE: CUZ ) earned "Buy" rating by Bank of America on Monday, December 4.


On Dec. 15, Trump said Russian Federation - another trading partner with North Korea - had failed to help, while China had.

A State Department official later said the U.S. was aware that "certain vessels have engaged in UN-prohibited activities, including ship-to-ship transfers of refined petroleum and the transport of coal from North Korea". "We are liaising with the Korean parties concerned to obtain further information about the incident, and will take appropriate actions as necessary", the statement said.

US officials have not confirmed details of the report, but a US State Department official suggested on Wednesday that such transfers could still be going on.

However, even though the Sam Jong 2 so far has not been banned from worldwide ports, it appears on a list of six other ships suspected of transporting illicit cargo, along with the Lighthouse Winmore.

China and Russian Federation subsequently asked for more time to consider the proposal.

When the Treasury Department released reconnaissance images of an October 19 rendezvous between two ships, the agency named the North Korean ship as the Rye Song Gang 1 - and included an image clearly showing the name on the vessel's hull.

The Trump administration has led a drive to step up global sanctions on North Korea in response to its efforts to develop nuclear-tipped missiles capable of hitting the United States.

The UN Security Council last week unanimously imposed new sanctions on North Korea for a recent intercontinental ballistic missile (ICBM) test, seeking to further limit its access to refined petroleum products and crude oil.

In September, the Security Council put a cap of 2 million barrels a year on refined petroleum products exports to North Korea.

(Copyright © 2015. All Rights Reserved.)
 
Recommended

Turkey secures missile deal with Russian Federation
The reason for the discrepancy over the number of batteries Russian Federation would supply Turkey was not immediately clear. And Ankara insists the systems would be used and managed "independently" by Turkish personnel, rather than Russian advisors.

McKinney Police arrest suspect in Greenville homicide
Officials say McKinney officers located the suspect vehicle leaving a store on Hardin at Eldorado and initiated a stop. Police arrived at a home in the 4000 block of Pickett Street in Greenville but found nothing, the station reported.

Former football great set to win presidency in Republic of Liberia
Ms Sirleaf took office in 2006, after her predecessor President Taylor was forced out by rebels in 2003, ending a long civil war. Subsequently he transferred to AC Milan (1995-2000) in Italy's Serie A, helping the club win the 1996 and 1999 league titles.

Eldorado Gold (EGO) Upgraded at Zacks Investment Research
In order to know the value of a stock, there is need to compare its current price to its likely trading price in the future. Turning to Eldorado Gold Corporation (NYSE: EGO ), its shares were trading at $1.44 a gain of $0.02, on the trading floor.

Dwayne Johnson to join the women's harassment protest at Golden Globes
Though the intent is noble, it is commonplace for actors to wear black tuxedos to award shows already . With all the tumult in the movie industry, this year's awards season is shaping up to be a doozy.

UO Reading Higher Than 60 for Petroleo Brasileiro SA- Petrobras (PBR.A)
In Play Stocks are volatile enough to produce good risk and reward trading opportunities for both bull and bear traders intraday. It represents a security's price that, if achieved, results in a trader recognizing the best possible outcome for his investment.

Varun Dhawan and Shraddha Kapoor groove for a special song for Nawabzaade
Varun will next be seen in YRF's Sui Dhaaga opposite Anushka Sharma while Shraddha is all gearing up for her huge release Saaho . The duo looked hot in the pictures and it is for sure that they are going to raise the temperature in the song video as well.

'Fantastic Beasts' Reveals New Photos of Johnny Depp's Grindelwald, Jude Law's Dumbledore
The Wizarding World of Harry Potter will return to the LEGO portfolio in 2018, with a few rumours about the sets now available. Regardless of the characters and their status in the new film, they certainly do have a questionable look on their face.

Giants suspend CB Eli Apple for Week 17
The New York Giants have grown exhausted of Eli Apple's shtick and officially put an end to the cornerback's season on Wednesday. However, he said only one cornerback on the team needed to grow up, and he later said "that first pick" was "a cancer".

Viswanathan Anand wins World Rapid Chess Championship in Riyadh
And now in 2017, he has become the victor of World Rapid Chess Championship. He remained unbeaten in fifteen rounds, with six wins and nine draws.

Analysts Expect Zoetis Inc (ZTS) Will Announce Earnings of $0.66 Per Share
Zoetis Inc has a 1 year low of $52.00 and a 1 year high of $73.58. (NYSE:ZTS) has "Buy" rating given on Friday, May 26 by C.L. BidaskClub downgraded Zoetis from a "hold" rating to a "sell" rating in a research report on Friday, October 6th.

Number of cops killed near 50-year low in Trump's first year
Texas, which has 14 reported officer fatalities, had the highest number of deaths, followed by NY and Florida, with nine each. The deadliest year on record for law enforcement was in 1930 during which 307 officers were killed in the line of duty.

Avery Bradley Paid Settlement to Sexual Assault Accuser, Lawyer Confirms
Bradley has missed the Pistons' last six games due to a groin injury, however, he is averaging 15.7 points per game this season. It's alleged that on May 23 in Cleveland, Bradley sexually assaulted a woman while she was passed out drunk, according to TMZ .

Advance Auto Parts Inc (NYSE:AAP) Institutional Investor Positioning
Keybank National Association Oh invested 0% of its portfolio in Wayfair Inc. 14,733 were reported by Saybrook Capital Nc. Its down 0.07, from 1.07 in 2017Q2. 117 funds opened positions while 547 raised stakes. (NYSE: AAP ) for 107,947 shares.

How Does Bed Bath & Beyond Inc. (BBBY) Stack Up Right Now?
The stock is now moving below its 20-Day Simple Moving Average of -0.49% with a 50-Day Simple Moving Average of 6.64 percent. The beta of a stock is typically used as a historical volatility indicator in relation to the overall market.


More News

News
More News