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Fuel prices in North Korea surge after China cuts oil sales

Fuel prices in North Korea surge after China cuts oil sales

Monday's European Union talks were held amid mounting tensions over North Korea's nuclear program, following a string of missile tests in recent months that showed new capabilities.

Speaking after the meeting, however, U.K. Foreign Secretary Boris Johnson said there were "some tough words" in Monday's discussions on North Korea, with London among those making clear this wasn't the time for diplomatic outreach.

North Korean leader Kim Jong Un.

Despite Washington's calls for action, trade between China and its neighbour increased 10.5 percent to $2.5 billion in the first six months of the year compared to the same period last year, including a 29.1 percent jump in exports.

The offer came as the United States is locked in hard negotiations with China at the United Nations on a new sanctions resolution in response to the ICBM test. Seoul began blaring anti-Pyongyang broadcasts and K-Pop songs via border loudspeakers, and Pyongyang responded with its own border broadcasts and launches of balloons carrying anti-South leaflets.

Autonomous restrictive measures amount to sanctions separate from those called for by the UN Security Council. Iron ore is among China's biggest imports from the North after it stopped buying coal this year due to the sanctions. "This is a time for pressure", Japan's foreign ministry spokesman Norio Maruyama told reporters in NY where Foreign Minister Fumio Kishida was attending a United Nations meeting on development.

"It has nothing to do with creating income for DPRK nuclear programmes, so it is not on the sanctions list", Geng told a regular news briefing. "My bipartisan legislation gives those that now conduct trade with North Korea a clear choice - either do business with this heinous outlaw regime or do business with the world's leading economic and military power". "So much for China working with us - but we had to give it a try!"

"Trade between China and North Korea grew nearly 40 percent in the first quarter". Trump tweeted on July 5.

Last week, Trump cited a Chinese Customs agency statement that two-way trade with North Korea rose 36.8 percent from a year earlier in the first quarter.

Maruyama said global actions must be increased before any "serious dialogue" can be enjoyed with Kim.

The ministers alluded to widespread concerns that Russian Federation and China have done too little to cut off trade with Pyongyang, urging "support for the full implementation of United Nations sanctions by all countries".

"We will discuss with ministers what more we can do to facilitate a solution that, in our view, cannot be but a diplomatic and political one, " Ms. Mogherini said ahead of Monday's discussions.


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