China will ban exports petroleum, textiles products to North Korea as Per UN Sanctions

United States Ambassador to the United Nations Nikki Haley speaks to China's U.N. Ambassador Liu Jieyi after a vote to adopt a new sanctions resolution against North Korea during a meeting of the U.N. Security Council at U.N. headquarters, Monday, Sept. 11, 2017. (AP Photo/Jason DeCrow)

Vastavam web: China said on Saturday it will ban exports of some petroleum products to North Korea, as well as imports of textiles from the isolated North, in line with a United Nations Security Council resolution passed after Pyongyang’s latest nuclear test.The announcement from Beijing came at the end of a week that saw tensions ratchet up between the United States and North Korea, with the leaders of both countries trading insults.

Imports of textiles from North Korea would also be banned immediately, the statement said.Textile trade contracts signed before Sept. 11 would be respected if import formalities are completed before midnight on Dec. 10, the statement said.The moves follow the adoption of a unanimous UN Security Council agreement on sanctions after the isolated North conducted its sixth and most powerful nuclear test on Sept. 3.Russia urged calm on Friday after U.S. President Donald Trump called North Korean leader Kim Jong Un a “madman”. Kim had called Trump a “mentally deranged U.S. dotard” a day earlier after Trump said Washington would “totally destroy” North Korea if it threatened the United States or its allies.

Trump announced new U.S. sanctions on Thursday that he said allows the targeting of companies and institutions that finance and facilitate trade with North Korea. U.S. Treasury Secretary Steven Mnuchin also said banks doing business in North Korea would not be allowed to operate in the United States.North Korea has launched dozens of missiles this year, several of them flying over Japan, as it accelerates a weapons programme aimed at enabling it to target the United States with a nuclear-tipped missile.

The United States and South Korea are technically still at war with North Korea because the 1950-53 Korean conflict ended with a truce and not a peace treaty.