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Leo Byrne
Leo Byrne was the Data and Analytic Director at NK News. Follow him on twitter.
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News New UN resolution aims to cut N.Korea’s coal revenues by $600 milDraft resolution also adds further designations, prohibits North Korean statue exports: Reuters
A new resolution from the UN Security Council (UNSC) could cut millions of dollars of revenue from North Korea’s coal exports, Reuters reported over the weekend. The resolution – which is still in a draft stage – will limit the North’s yearly coal exports to $400.9 million, a huge reduction in the DPRK’s current export totals. The DPRK sent over 17 million tons of coal to neighboring China last year, earning North Korea nearly $1 billion. So far in 2016, export volumes have been even higher. “On paper, new coal restrictions have the potential to notably curb a key source © Korea Risk Group. All rights reserved. |