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Asia Today ISSN 1861-4604 Wednesday, October 17, 2018


How North Korea earned millions by flouting UN sanctions

North Korea earned nearly $200 million by exporting banned commodities

Share on Facebook February 3, 2018, Reporter : BNN, Reader : 342


NEW YORK, U.S. - A confidential report put together by a panel of experts revealed that North Korea had managed to make a whopping $200 million flouting sanctions.

The UN report claimed that last year, North Korea earned nearly $200 million by exporting banned commodities in breach of international sanctions.

In the 213-page report, the UN monitors wrote, “The DPRK (North Korea) is already flouting the most recent resolutions by exploiting global oil supply chains, complicit foreign nationals, offshore company registries and the international banking system.”

The report also pointed out that several countries including China, Russia and Malaysia had failed to stop the illegal exports.

The report also revealed that there was evidence of military co-operation with Syria and Myanmar.

Following its defiant pursuit of its nuclear and ballistic missile program, North Korea has been subject to international sanctions from the U.S., UN and EU.

The report, which was submitted to the UN Security Council said the North "continued to export almost all the commodities prohibited in the resolutions... between January and September 2017.”

The report also revealed that several unnamed multinational oil companies were being investigated for their alleged role in supplying petroleum products to North Korea.

Further, it noted that shipments of coal had been delivered to China, Malaysia, South Korea, Russia and Vietnam in breach of sanctions using "a combination of multiple evasion techniques, routes and deceptive tactics.”

North Korea has been accused by the expert panel of "exploiting global oil supply chains, complicit foreign nationals, offshore company registries, and the international banking system.”

Following the revelation, China's embassy in North Korea denied flouting Security Council sanctions and said in a statement that the two neighbours had maintained "normal trade exchanges.” 

It pointed out that Chinese food, fruit and household products were still being sold in North Korea.

According to UN monitors, a more dangerous finding was that Myanmar and Syria continued to co-operate with North Korea's main arms exporter, Komid, despite it being on a UN sanctions blacklist.

There was reportedly evidence that the report found that the North was helping Syria to develop chemical weapons and providing ballistic missiles to Myanmar.

The panel revealed that between 2012 and 2017, there had been over 40 North Korean shipments to companies acting for the research centre overseeing Syria's chemical weapons programme.


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