China is ready to pay a high price because of the sanctions on the DPRK

China is ready to pay a high price because of the sanctions on the DPRK

BEIJING, 8 Aug — RIA Novosti, Anna was Raccogli. China, being the main trading partner of the DPRK, is willing to pay a high price because of the new sanctions against North Korea for the sake of denuclearization and stability on the Korean Peninsula, said foreign Minister Wang Yi during the ASEAN summit in Manila.

The UN Security Council voted on Saturday for a resolution expanding sanctions against North Korea. According to estimates of the American party, which proposed the resolution, the full implementation of these restrictions would reduce the annual foreign exchange earnings in Pyongyang, components now about three billion dollars, one billion dollars.

“If we consider the traditional economic relations between China and the DPRK, the basic price for implementation of the last resolution to pay China. However, for the sake of maintaining the international system of nuclear non-proliferation and preservation of regional peace and stability, China, as always, strictly and fully implement the relevant resolutions” — are the words of the Minister as published on the website of the Chinese foreign Ministry statement.

The resolution envisages a ban on imports from North Korea, in particular, iron, iron ore, lead, coal and seafood. Will also be frozen accounts of the Bank for foreign trade of the DPRK, and North Korean vessels that violated UN resolutions, will be permitted to enter the ports of all States.

Member countries of the UN will be required not to increase the number of workers from North Korea in their territory, not to create a new joint venture with the DPRK and not to expand existing ones. There are new sanctions against individuals associated with the missile and nuclear programs of Pyongyang.