UN asks oil traders to shore up sanctions on North Korea

News Image

MG News | May 23, 2018 at 10:42 AM GMT+05:00

0:00

UN sanctions experts are asking global commodity trading firms and oil companies to spell out what measures they are taking to prevent illegal oil shipments from reaching North Korea, the panel's coordinator said Tuesday.

The UN Security Council in December adopted a new round of sanctions that severely restricted oil supplies vital for North Korea's ballistic missile and nuclear programs.

"We are requesting information on what measures are being put in place by these companies to reduce the risk that products might be inadvertently, wittingly or unwittingly transferred to North Korea," said Hugh Griffiths, the coordinator of the UN panel of experts on North Korea.

Griffiths told AFP that illegal oil shipments were continuing to reach North Korea, despite a series of measures ordered by the Security Council to block supplies.

In March, the UN sanctions committee blacklisted 27 ships, 21 companies and a businessman for helping North Korea circumvent sanctions and smuggle in oil and banned commodities.

Letters were sent this month to 24 "major global commodity trading companies that focus on oil, but in particular refined petroleum products in the areas that the panel is monitoring and oil producers and oil refiners in those areas," said Griffiths.

He did not provide names of companies.

APP

Related News

Name Price/Vol %Chg/NChg
KSE100 156,177.82
367.85M
-0.00%
-3.12
ALLSHR 95,630.38
1,498.37M
-0.06%
-60.44
KSE30 47,678.47
206.79M
-0.08%
-35.92
KMI30 229,682.22
174.86M
-0.02%
-39.87
KMIALLSHR 64,366.76
638.47M
-0.08%
-53.31
BKTi 41,922.80
89.51M
-0.11%
-46.72
OGTi 31,735.79
16.87M
-0.80%
-255.97
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 117,220.00 117,295.00
116,115.00
1395.00
1.20%
BRENT CRUDE 67.91 68.59
67.62
-0.56
-0.82%
RICHARDS BAY COAL MONTHLY 84.00 0.00
0.00
-0.40
-0.47%
ROTTERDAM COAL MONTHLY 93.50 93.50
93.50
0.15
0.16%
USD RBD PALM OLEIN 1,106.50 1,106.50
1,106.50
0.00
0.00%
CRUDE OIL - WTI 63.80 63.80
63.59
-0.25
-0.39%
SUGAR #11 WORLD 16.23 16.59
16.23
-0.33
-1.99%

Chart of the Day


Latest News
September 18, 2025 at 12:19 AM GMT+05:00

Pakistan, Saudi Arabia sign Strategic Mutual Defense Agreement


September 17, 2025 at 11:55 PM GMT+05:00

Fed delivers 25 basis-point rate cut


September 17, 2025 at 05:37 PM GMT+05:00

Auction Result: Govt raises Rs201bn through T-bills


September 17, 2025 at 04:59 PM GMT+05:00

Hala Enterprises to increase weaving capacity by 75%


September 17, 2025 at 04:11 PM GMT+05:00

PSX Closing Bell: Flatlined but Holding On



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg