USA eyes new sanctions on China firms over N. Korea

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China National Petroleum Corp (CNPC), a state-controlled company, halted diesel and gasoline sales to North Korea "over the last month or two", amid global pressure on Pyongyang to curb its nuclear and missile programmes, Reuters exclusively reported on June 28.

With North Korea in the headlines recently as it continues to develop its nuclear weapon program, Rubio teamed up with U.S. Sens.

A delegation of Opposition leaders have met North Korean embassy officials in New Delhi amid stand-off between U.S. and Pyongyang.

The sanctions being prepared would leave larger Chinese banks unaffected but would deny smaller firms that do business with North Korea access to USA markets.

North Korea on Friday threatened to take "corresponding measures" if the UN Security Council adopts another sanctions resolution in response to the North's test-launch of an Intercontinental Ballistic Missile (ICBM) on July 4.

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South Korea's Unification Minister Cho Myoung-gyon also urged the restoration of communication hotlines between the two Koreas, cut a year ago after a North Korean nuclear test.

During the meeting, U.S. Ambassador to the UN - Nikki Haley - announced the U.S.'s intention to introduce a new resolution in the "coming days" in order to "raise the global response in a way that is proportionate to North Korea's new escalation". While declaring that the military option was not preferable, she emphasised: "We will use them if we must".

So if any more sanctions are suggested at the United Nations, it says, Kim Jong-un will take action.

A ballistic missile that North Korea launched in May reached an altitude of more than 2,000km. Why, Russian analysts ask, do Americans think that tighter economic sanctions will convince Pyongyang to give up its nuclear program, the only ironclad defense it has against a US strike?

The US is in the process of completing a THAAD battery deployment in South Korea, supposedly aimed against North Korea. North Korea would fire on all cylinders, utilizing 100% of their capabilities, regardless of how limited or measured the United States' actions may be.

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On a quarterly basis, GDP was up 1.7 percent - in line with expectations and up from 1.3 percent in the three months prior. So China's leaders have been eager to keep the economy growing briskly at least until then.

Last month, the European Union expanded its sanctions blacklist after North Korea launched a volley of surface-to-ship cruise missiles off its east coast.

"Absolutely. My hope, though, is that we don't have to get there", said Murkowski.

"I think you have to give the banks and the businesses that do business with North Korea a very clear choice and say 'Look".

China, however, did not respond to the call, Blinken said. Oil products are sold by weight in North Korea. Beyond that, one can not rule out Chinese intervention on the part of the North Koreans.

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