Quake detected in NK presumed to be natural: S. Korean agency

Frederick Owens
September 25, 2017

China announced on Saturday that it will limit exports of petroleum products to North Korea starting in October to implement the latest United Nations sanctions over Pyongyang's sixth nuclear test. North Korea has one nuclear test site - Punggye-ri. The big questions are how and when it will be used.

Newly released photos appear to reveal unexpected advances in North Korea's missile program, experts say, including a previously unseen type of projectile.

It can be the actions of a "higher level" against the United States, said the Minister of foreign Affairs of North Korea Lee Yong-Ho.

China remains the main economic lifeline for North Korea.

However, South Korea's weather agency said the quake, which occurred at 4:29 p.m.

The Ministry of Commerce said in a statement on its website that China would limit exports of refined petroleum products from October 1, ban exports of condensates and liquefied natural gas and imports of textiles immediately.

North Korea's major diplomatic ally and trading partner announced curtailing the exports of refined petroleum to two million barrels per year.

And US bombers and fighter jets have flown along the coast of North Korea in a show of force. US dollars are the lifeblood of the global financial system and banks operating internationally need easy access to them.

Russia has condemned North Korea's latest missile test over mainland Japan, but said it is in favour of political and diplomatic settlement "on the basis of the Russian-Chinese road map".

"So he is being tested with the sanctions, voices from every corner of the world". "Those teams in turn will be scrambling to figure out if they have any North Korea risk".

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None of the three worldwide governing bodies responded to requests for comment, but IOC spokeswoman Emmanuelle Moreau confirmed the IOC had been copied into the letter to FIS.

After a meeting between ministries and civilian experts, the government chose to support programs by the United Nations Children's Fund and the U.N. World Food Program for providing food and medicines to North Korean children and pregnant women, the Unification Ministry said.

File image of North Korean leader Kim Jong-Un.

"The DPRK has grown accustomed to the hostile sanctions regime for decades". Trump's new order has put the onus on banks and other firms to find out whether the businesses they're dealing with have any kind of North Korean connection. The market in North Korea is rife with corruption.

"It's something that the North Koreans have never really faced before", said Ruggiero, a former official at the State and Treasury departments who specialized in financial sanctions and weapons proliferation issues.

The dollar index, which tracks the US unit against a basket of six major rivals, fell 0.3 percent to 92.024.DXY, but it was still slightly higher on the week and was well above its more than 2-1/2 year trough of 91.011 marked on September 8. Treasury Secretary Steve Mnuchin said he spoke at length with the head of China's central bank but "I am not going to comment on confidential discussions".

"If traders were hoping for a strong USA dollar rebound in the wake of this week's Fed meeting, the initial response was certainly encouraging (but) beyond that the response has been underwhelming", said CMC Markets analyst Michael Hewson.

A ban on textile imports from the North will go into effect immediately, the statement said. "But...there are things that can be done before getting there".

The article said, "For more than seven decades since the foundation of the UN, no chief executives or diplomats including the preceding U.S. presidents have openly called for the obliteration of another state" at the UN General Assembly. North Korea is also believed to have an array of illicit revenue sources, such as cyberattacks, drugs and weapons.

The document directed banks to explain to any North Korean customers that "our bank is fulfilling our worldwide obligations and implementing United Nations sanctions against North Korea".

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