N.K. unable to export coal for 2 straight months amid sanctions
North Korea was unable to export its coal for two consecutive months in May amid global restrictions on its ability to secure hard currency needed for advancing its nuclear and missile capabilities, data by the United Nations showed Friday.
According to the data, there were no member countries that reported that they purchased coal from the North in May. This followed no North Korean coal exports tallied in April.
An unidentified country presumed to be China reported to the global body in January and February that it bought 1.44 million tons and 1.23 million tons of coal for the months, respectively, from the North. The amount dropped to 6,300 tons in March before coming to nil in April.
China earlier said that it will not import coal from the North from Feb. 18 until the end of this year in line with Resolution 2321 adopted by the U.N. in the wake of the North’s fifth nuclear test in September. China imports most North Korean coal, known to be a key revenue source for the reclusive state.
The resolution calls for U.N. member states to clarify the amount of their coal imports from the North regularly. It also set a ceiling on the total annual coal purchases, a move aimed at toughening restrictions on hard currency flowing into its regime.