N. Korea is China's tool. On Jun 28, 2017 10:36 AM, "Keith In Tampa" <keithinta...@gmail.com> wrote:
> I hope China sticks to its guns..... > > On Wed, Jun 28, 2017 at 6:04 AM, Kamakazee <mscotts...@gmail.com> wrote: > >> China Suspends Fuel Sales To North Korea >> [image: Tyler Durden's picture] >> <http://www.zerohedge.com/users/tyler-durden> >> by *Tyler Durden* <http://www.zerohedge.com/users/tyler-durden> >> Jun 27, 2017 9:33 PM >> >> >> It appears *President Trump's remarks* >> <http://www.cnbc.com/2017/06/27/reuters-america-exclusive-chinas-cnpc-suspends-fuel-sales-to-north-korea-as-risks-mount-sources.html> >> about the lack of progress made by China in pressuring North Korea has >> worked. *Reuters reports* >> <http://www.cnbc.com/2017/06/27/reuters-america-exclusive-chinas-cnpc-suspends-fuel-sales-to-north-korea-as-risks-mount-sources.html> >> that* CNPC - the main supplier of diesel and gasoline to North Korea - >> has halted sales,* reportedly because the buyers could not pay. >> >> A week after the President said that "*while I greatly appreciate the >> efforts of President Xi & China to help with North Korea, it has not worked >> out. At least I know China tried!*" >> >> And China responded that: >> >> *China has “played an important and constructive role” in seeking peace >> on the Korean peninsula,* Foreign Ministry spokesman Geng Shuang told >> reporters in Beijing. >> >> >> >> China strictly implements United Nations Security Council resolutions and >> isn’t the crux of the North Korean issue, he said. >> >> *Reuters reports * >> <http://www.cnbc.com/2017/06/27/reuters-america-exclusive-chinas-cnpc-suspends-fuel-sales-to-north-korea-as-risks-mount-sources.html>that >> *China National Petroleum Corp has suspended sales of fuel to North Korea >> over concerns the state-owned oil company won't get paid,* as pressure >> mounts on Pyongyang to rein in its nuclear and missile programmes, three >> sources told Reuters. >> >> *China provides most of North Korea’s food and fuel imports.* It has >> backed the Kim dynasty since the Korean War, in part to keep U.S. troops >> away from its border. While China has taken some steps on North Korea -- >> including halting coal purchases this year after Kim’s estranged >> half-brother was murdered in Malaysia -- *its efforts haven’t produced a >> breakthrough so far.* >> >> >> But perhaps the death of Otto Warmbier was enough to push the Chinese to >> this decision, but *as Reuters notes* >> <http://www.cnbc.com/2017/06/27/reuters-america-exclusive-chinas-cnpc-suspends-fuel-sales-to-north-korea-as-risks-mount-sources.html>, >> while it's unclear how long the suspension will last, *a prolonged cut >> would threaten critical supplies of fuel and force North Korea to find >> alternatives* to its main supplier of diesel and gasoline, as scrutiny >> of China's close commercial ties with its increasingly isolated neighbour >> intensifies. >> >> A source with direct knowledge of the matter said *CNPC decided to put >> fuel sales on hold "over the last month or two" and described it as a >> "commercial decision".* >> >> >> >> *"It's no longer worth the risks," *said the source. *Chinese and >> international banks are stepping up compliance checks* on companies >> dealing with countries on the U.S. sanctions list, such as North Korea, he >> said. >> >> >> >> *The North Korean agents who mostly buy the diesel and gasoline have been >> unable recently to pay for the supplies* -- CNPC normally requires >> upfront payments, the source said. >> >> >> >> Reuters was unable to determine if the agents have *started facing >> credit problems with Chinese and international banks worried about >> sanctions compliance issues.* >> >> The United States has pressed China to exert more economic and diplomatic >> pressure on North Korea, but Beijing has said its influence on North Korea >> is limited and it is doing all it can, and as *Reuters concludes,* >> <http://www.cnbc.com/2017/06/27/reuters-america-exclusive-chinas-cnpc-suspends-fuel-sales-to-north-korea-as-risks-mount-sources.html> >> *the >> sources in China saw no sign yet that Beijing is cutting crude oil to >> Pyongyang. * >> >> The big question now is - will this corner an apparently already crazy >> leader into some action we may all regret, or will the suffering of his >> people be the line he is not willing to cross as some diplomatic >> face-saving approach is found. >> >> -- >> -- >> Thanks for being part of "PoliticalForum" at Google Groups. >> For options & help see http://groups.google.com/group/PoliticalForum >> >> * Visit our other community at http://www.PoliticalForum.com/ >> * It's active and moderated. 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