Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

China, Russia revive push to lift U.N. sanctions on North Korea

Published 11/01/2021, 07:08 PM
Updated 11/02/2021, 04:02 AM
© Reuters. FILE PHOTO: A North Korean flag flies on a mast at the Permanent Mission of North Korea in Geneva October 2, 2014. REUTERS/Denis Balibouse/File Photo

By Michelle Nichols

UNITED NATIONS (Reuters) - China and Russia are pushing the U.N. Security Council to ease sanctions on North Korea by reviving a 2019 attempt to remove a ban on Pyongyang's exports of statues, seafood and textiles and expanding it to include lifting a refined petroleum imports cap.

In a reworked draft resolution, seen by Reuters on Monday, China and Russia want the 15-member council to remove those sanctions "with the intent of enhancing the livelihood of the civilian population" in the isolated Asian state.

North Korea has been subject to U.N. sanctions since 2006 over its nuclear and ballistic missile programs.

The draft resolution also includes other measures first proposed by Russia and China nearly two years ago, including lifting a ban on North Koreans working abroad and exempting inter-Korean rail and road cooperation projects from sanctions.

Several U.N. diplomats, speaking on condition of anonymity, said the refreshed draft resolution would find little support. In 2019 Russia and China held two informal rounds of talks on the draft resolution, but never formally tabled it for a vote.

Diplomats said on Monday that China and Russia have not yet scheduled any talks on their new draft resolution. A resolution needs nine votes in favor and no vetoes by the United States, France, Britain, Russia or China to pass.

The U.N. missions of Russia and China did not immediately respond to a request for comment on the new text, which diplomats said was circulated to council members on Friday.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

"It has been always China's will that we should also address the humanitarian dimension caused by the sanctions imposed by the Security Council," China's U.N. Ambassador Zhang Jun told reporters last month, adding again that the 2019 draft resolution "remains on the table."

'DIFFICULT SITUATION'

A spokesperson for the U.S. mission to the United Nations declined to comment on private council discussions, but added that all U.N. members should be focused on addressing those who are violating the sanctions already in place.

"The Security Council has repeatedly affirmed that it is prepared to modify, suspend, or lift the measures as may be needed in light of the DPRK's compliance," the spokesperson said. "Yet the DPRK has taken no steps to comply with the Security Council's demands regarding its prohibited nuclear and ballistic missile programs."

North Korea is formally known as the Democratic People's Republic of Korea.

The U.N. Security Council does already allow for humanitarian exemptions. A U.N. rights investigator last month called for sanctions to be eased as North Korea's most vulnerable risk starvation after it slipped deeper into isolation during the COVID-19 pandemic.

The sanctions on industries that Russia and China have proposed lifting previously earned North Korea hundreds of millions of dollars. They were put in place in 2016 and 2017 to try to cut off funding for Pyongyang's nuclear and missile programs.

North Korea continued developing its nuclear and ballistic missile programs during the first half of 2021 in violation of U.N. sanctions and despite the country's worsening economic situation, U.N. sanctions monitors reported in August.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

The country has long suffered from food insecurity, with observers saying that mismanagement of the economy is exacerbated by sanctions and now the COVID-19 pandemic, which prompted unprecedented border lockdowns there.

The new draft resolution would have the council acknowledge "the difficult situation of economy and livelihood of the DPRK in recent years, underscoring the necessity to respect the legitimate security concerns of the DPRK, and ensure the welfare, inherent dignity, and rights of people in the DPRK."

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.