China announced in February that it was suspending coal imports from North Korea through the end of the year, but China imported significant amounts of coal last month, according to domestic customs data.
China imported 1.6 million tonnes of coal in August, the largest volume since China banned all North Korean coal imports in February, Reuters reports. Chinais currently investigating the situation.
Customs can’t explain the sudden spike, but the country is investigating the situation.
Merchants suggest that the coal has been stranded in port for months since Beijing announced its blanket ban on all North Korean coal imports, a source of revenue for the regime, earlier this year. China potentially let the coal into the country before the latest round of U.N. sanctions. – READ MORE
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