By Paul Goble
In the face of Western efforts to isolate North Korea, Russia has almost doubled its sales of coal and oil to Pyongyang during the first quarter of this year compared to the last quarter of 2016, delivering 26.7 million US dollars’ worth of coal and 1.2 million dollars’ worth of oil, according to Moscow’s Birzhevoy lider.
The business paper points out that, media claims notwithstanding, these sales do not violate the international sanctions regime because oil is not on the list of goods not to be sold to North Korea but does say that Pyongyang is not able to pay for these deliveries out of current accounts (profi-forex.org/novosti-rossii/entry1008307946.html).
During the first quarter of this year, the paper continues, North Korea sold Russia goods totaling only 420,000 US dollars. Most of these were either musical instruments or chemical products.
Last week, Russia began direct cargo and passenger shipping between Vladivostok and a North Korean port (windowoneurasia2.blogspot.com/2017/05/russia-opens-passenger-and-cargo.html).
|Enjoy the article? Then please consider donating today to ensure that Eurasia Review can continue to be able to provide similar content.|