China to back fresh UN sanctions on North Korea fuel - BBG

Bloomberg quoted people familiar with the matter, as saying that China has signaled it’s ready to back fresh United Nations (UN) sanctions that are being considered on North Korea.

China is North Korea’s largest trading partner.

UN mulls banning 90% of oil product exports to North Korea

Further Details:

“The UN Security Council is set to vote on Friday at 1 p.m. in New York on the fourth resolution against North Korea in 13 months. 

If approved, the resolution would cut deliveries of petroleum products, including diesel and kerosene, by almost 90 percent, to the equivalent of 500,000 barrels. That’s a further reduction from a September resolution that reduced petroleum product sales to 2 million barrels annually starting Oct. 1, down from 4.5 million barrels. The new resolution would also cap crude imports at current levels of about 4 million barrels annually.”