korea: U.S. President Donald Trump lavished praise on Chinese President Xi Jinping last week for Beijing's assistance in trying to rein in Pyongyang, according to The Japan Times. A day later, U.S. Secretary of State Rex Tillerson pressed the United Nations Security Council to impose more sanctions to further isolate Pyongyang. Some academics who study North Korea say Kim could be looking for Russia to ease the pain if China, which accounts for about 90 percent of North Korea's trade, steps up sanctions against the isolated country as part of moves to deter its nuclear and missile programs. There is no sign of any sustainable increase in trade between Russia and North Korea, but business and transport links between the two are getting busier. Shipping data show there has been a recent steady flow of oil tanker traffic from Vladivostok to North Korea's east coast. A new ferry service starting next week will move up to 200 passengers and 1,000 tons of cargo six times a month between North Korea and the Russian port of Vladivostok.
(news.financializer.com). As
reported in the news.
Tagged under korea, trade topics.