North Korea





Fossil Fuels

Fossil Fuels

EU's proposed Russia sanctions to target oil tankers, ships moving North Korean equipment

The European Commission is anticipated to propose sanctions on ships providing North Korean military devices to Russia along with tankers that flout the G7 price cap on Russian oil, European Union sources stated on Wednesday. The Commission is finalising its proposal for a 14th plan of sanctions versus Moscow for its invasion of Ukraine. Western powers have implicated North Korea of providing weapons, including ballistic rockets and munitions, to power Russia's war device. Ukraine is progressively outgunned, with neither side able to make substantial territorial gains. The United States said in February that North Korea had delivered more than 10,000...

Fossil Fuels

How South Korea election might reshape Yoon's policy agenda

South Korean President Yoon Suk Yeol promised to renew his administration after his party suffered a big defeat in legislative elections, with the result increasing the risk that more of his policy priorities may be blown off course. Yoon, who took office in May 2022, was not up for election this time but his capability to pass legislation is likely to be even more inhibited after the opposition led by the Democratic Party increased its bulk after a bad proving by Yoon's. conservative People Power Party. Here are some policy areas that might be affected: TAX ON INVESTMENTS Yoon's pledge...

Crude Oil

Crude Oil

Russia shipping fuel to North Korea above UN cap - White Home

Russia has actually been silently shipping fine-tuned petroleum to North Korea at levels that appear to break a cap imposed by the United Nations Security Council, the White Home said on Thursday, with new sanctions to come quickly in action. The disclosure began the first day after a U.N. panel of experts monitoring enforcement of longstanding U.N. sanctions versus North Korea for its nuclear weapons and missile programs was dissolved after a Russian veto . At the same time that Moscow banned the panel's required renewal, Russia has actually been delivering refined petroleum from Port Vostochny to the DPRK (North...