India imposed fresh restrictions on trade with North Korea

Vastavam web: India today imposed fresh restrictions on trade with North Korea in line with the restrictions imposed by the United Nations, Directorate General of Foreign Trade (DGFT) said today.As per a notification of the DGFT in the commerce ministry, “supply, sale, transfer or export” of crude oil will be subjected to the restrictions imposed by the UN Security Council (UNSC).North Korea is facing sanctions for pursuing its nuclear programme from the UN and the US.

Certain curbs have also been imposed on export of industrial machinery, iron, steel and other metals, the notification said.In October last year, the DGFT had imposed restrictions on trade in condensates and natural gas liquids, refined petroleum products.