UPDATE 1-U.N. seeks help of oil traders to enforce North Korea sanctions [Reuters]
Royal Dutch Shell PLC Royal Dutch Shell PLC American Depositary Shares (Each representing two Class B Ordinary Shares) (RDS.B)
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Source: Reuters
U.N. seeks help of oil traders to enforce North Korea sanctions | Reuters 5 Min Read LONDON (Reuters) - A U.N. monitoring group wants to enlist the help of the world’s biggest oil trading companies to enforce sanctions that cap the amount of crude and related products North Korea can import, the coordinator said. The U.N. Security Council ramped up sanctions last year after North Korea said it had conducted missile tests that put the U.S. mainland in range of its nuclear weapons. Under the restrictions, Pyongyang is limited to importing 4 million barrels of crude and 500,000 barrels of products a year. But the panel of experts appointed by the Security Council said in March that additional fuel was being sold to North Korea via illicit deals involving transfers of petroleum from large ships to smaller vessels at sea to evade detection. The panel said in its March report that it had investigated at least four such transfers and was “also investigating several multinational oil companie
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