World Russia says UN should consider sanctions relief for N. Korea

23:31  13 june  2018
23:31  13 june  2018 Source:   msn.com

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China suggested on Tuesday that sanctions relief could be considered for North Korea after U.S. President Donald Trump and North Korean leader Kim Jong Un pledged to work toward complete denuclearisation of the Korean peninsula.

BEIJING: China suggested on Tuesday that sanctions relief could be considered for North Korea , after US China has signed up for increasingly tough UN sanctions against its isolated neighbor following Pyongyang’s repeated nuclear and missile tests, but has always said sanctions should be

Asked about lifting sanctions on North Korea, Russian Ambassador Vassily Nebenzia (pictured) told reporters: © Provided by AFP Asked about lifting sanctions on North Korea, Russian Ambassador Vassily Nebenzia (pictured) told reporters: "I think that it is only natural that we should be thinking about steps in that direction"

The UN Security Council should consider steps toward lifting sanctions on North Korea following its agreement with the United States to scrap its nuclear program, Russia's UN ambassador said Wednesday.

The council last year adopted three rounds of tough economic sanctions on North Korea, banning most of its exports of raw commodities and severely restricting oil supplies.

Asked about lifting sanctions, Russian Ambassador Vassily Nebenzia told reporters: "I think that it is only natural that we should be thinking about steps in that direction."

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BEIJING (June 12): China suggested on Tuesday that sanctions relief could be considered for North Korea if the country abides by United Nations resolutions, as US President Donald Trump and North Korean leader Kim Jong Un pledged to work for denuclearisation.

China suggested on Tuesday that sanctions relief could be considered for North Korea if the country abides by United Nations resolutions, as U.S. President Donald Trump and North Korean leader Kim Jong Un pledged to work for denuclearization, Reuters reports.

"There is progress on the track that should be reciprocal. There should be a two-way street," he said. "Of course the other side should see encouragement to go forward."

At the first-ever meeting between sitting leaders of the US and North Korea on Tuesday in Singapore, President Donald Trump and Kim Jong Un pledged in a joint statement to work toward the "complete denuclearization of the Korean Peninsula."

The United States along with Japan and European countries maintain that the raft of tough sanctions must remain in place until North Korea has fully dismantled its weapons programs.

Russia and China argue that there should be a gradual approach, offering some sanctions relief in exchange for concrete action from Pyongyang along the path toward denuclearization.

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BEIJING, June 12 — China suggested today that sanctions relief could be considered for North Korea , after China has signed up for increasingly tough UN sanctions against its isolated neighbour following Pyongyang’s repeated nuclear and missile tests, but has always said sanctions should be

Trade, Japan, Major News, MINISTRY, North Korea , NORTHKOREA, Nuclear Armaments / Nuclear Proliferation, Russia , South Korea , United Nations , United States, US, US Jun 12, 2018 | 3:17pm. Senate Democratic leader: ‘very worrisome’ Trump North Korea agreement so imprecise.

The council is expected to meet to discuss the results of the Singapore summit, but Nebenzia, who holds the council presidency this month, said nothing had been scheduled yet.

"It would be interesting to hear from those who were directly involved their assessment of the results," said the Russian ambassador.

Many diplomats credit the UN move to ramp up sanctions as a decisive factor in pressuring Kim to agree to negotiate an end to North Korea's military program.

Kim came to understand that "having a nuclear bomb is not compatible with having an economy," said a Security Council diplomat.

Dutch Ambassador Karel van Oosterom, who heads the council's sanctions committee on North Korea said the punitive measures were still being applied in full force.

"We will continue to keep up the pressure with the full implementation of the sanctions," he said.

Russia Dumps Treasuries for Gold in Pivot After Sanctions Scare .
Russia is rethinking what counts as a haven asset as it duels with the U.S. Although investors usually seek safety in U.S. debt, Russia cut its holdings of Treasuries nearly in half in April as Washington slapped the harshest sanctions to date on a selection of Russian companies and individuals. In a shift Danske Bank A/S attributed to a deepening “geopolitical standoff,” Russia is instead keeping up its purchases of gold.

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