Published: Wed, September 20, 2017
Worldwide | By Gretchen Simon

US Plans to Impose Sanctions on Chinese Companies Exporting Oil to N

US Plans to Impose Sanctions on Chinese Companies Exporting Oil to N

Tillerson had called for more action by China and Russian Federation after North Korea's latest missile launch early on September 15, which South Korea and Japan said flew far enough to reach the U.S. Pacific territory of Guam, although it was not aimed at Guam and fell into the Pacific Ocean after flying over Japan's northern island of Hokkaido.

The US warned on Friday it could revert to military options if the latest sanctions fail to curb North Korean missile and nuclear tests, after Pyongyang fired a missile over Japan for the second time in two weeks.

Hua said China had made enormous sacrifices to implement United Nations Security Council resolutions and that its sincerity could not be doubted.

Treasury Secretary Steven Mnuchin recently said that China will not be able to access the US and global dollar systems if it does not comply with the UN Security Council resolution. "They should do more to find effective ways to resume dialogue and negotiation", he said.

A still of a news bulletin aired by North Korea's KRT on July 4, 2017, shows what was said to be the preparation of the launch of a Hwasong-14 intercontinental ballistic missile, in North Korea's northwest.

"Honestly, I think the United States should be doing.much more than now, so that there's real effective worldwide cooperation on this issue", Ambassador Cui Tiankai told reporters at the Chinese Embassy in Washington on September 15.

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"If China doesn't follow these sanctions, we will put additional sanctions on them and prevent them from accessing the USA and worldwide dollar system, and that's quite meaningful", he told a conference in NY. "The resolution should be implemented comprehensively".

The Dandong-Sinuiju pipeline connecting both the countries, delivers more than half a million tonnes of crude oil to North Korea a year.

Liu Ming, a North Korean affairs analyst from the Shanghai Academy of Social Sciences, said technical factors with the pipeline were real and "could not be ignored".

"We have lived under United States sanctions for decades".

"Our final goal is to establish the equilibrium of real force with the United States and make the US rulers dare not talk about military options", Kim was quoted as saying.

"North Korea is a rogue nation which has become a great threat and embarrassment to China, which is trying to help but with little success", Trump tweeted on 3 September after Pyongyang's sixth nuclear test. Chinese and Russian negotiators managed to persuade the USA delegation not to impose a travel ban or asset freeze on North Korean leader Kim Jong-un. Kim personally guided the launch of the latest Hwasong-12 missile, it said.

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