Despite Being "Caught Red Handed", China Denies Secretly Selling Oil To North Korea

An official statement from Chinese officials tonight smacks of Obi Wan Kenobi - 'these are not the secret oil trades you are looking for'.

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After being 'caught RED HANDED'...according to South Korea's Chosun IlboU.S. recon satellites have photographed around 30 illegal transactions involving Chinese vessels selling oil to North Korea on the West Sea in October. The images allegedly showed large Chinese and North Korean ships transacting in oil in a part of the West Sea closer to China than South Korea. The satellite pictures even showed the names of the ships.

A government source said, “We need to focus on the fact that the illicit trade started after a UN Security Council resolution in September drastically capped North Korea’s imports of refined petroleum products.”  Meanwhile, on paper, China’s trade with North has recently collapsed after U.S. President Donald Trump unleashed a barrage of sanctions in September targeting North Korea’s imports of refined petroleum products.

Back in November, the US. Treasury Department sanctioned an additional six North Korean shipping and trading companies and 20 of their ships after the satellite pictures surfaced. In the above picture, the North Korean ship named Ryesonggang 1, was easily identified and connected to the illegal sale of oil from China.

According to Chosun Media, "the department noted that the two ships appeared to be illegally trading in oil from ship to ship to bypass sanctions."

Ship-to-ship trade with North Korea on the high seas is forbidden in UNSC Resolution 2375 adopted in September, but such violations are nearly impossible to detect unless China aggressively cracks down on smuggling.   

Last month, the Communist Party spokespeople slammed new US sanctions targeting Chinese traders doing business with North Koreans, calling them “wrong”.

As we noted, it’s still unknown if the Chinese government is turning a blind eye to the illegal open sea transactions with North Korea, but as of yesterday it seems as a blatant snub to the Trump administration.

Which is perhaps why President Trump took to Twitter to admonish China...

And now, just hours after that accusation, China goes full 'Star Wars' with an outright denial that anything untoward is going on.

As SCMP reports, according to Chinese customs data, the country did not export any oil products to North Korea in November.

Beijing on Thursday said there was no illicit trade, with defence ministry spokesman Ren Guoqiang saying China and its military strictly enforced the UN resolutions on North Korea.

“The situation you have mentioned absolutely does not exist,” Ren said at a regular media briefing, without elaborating.

It is unclear what role the Chinese military has in enforcing sanctions.

A day earlier, foreign ministry spokeswoman Hua Chunying sought to play down the reports, saying only ships on the UN Security Council list were banned from trading, and China would deal with any case of the sanctions being violated according to the law.

We wonder whether this will accelerate Beijing's ongoing plans to launch petro-yuan oil futures trading sooner?

Comments

Anteater Thu, 12/28/2017 - 22:45 Permalink

This is Fake News. If Trump was running WMDs to the Norks

in US ships, they would be screaming "Palau Sells WMDs"!!

because US ships are registered in and fly the Palau flag.

Look for the bill of lading, the transfer agent, you know,

evidence. Otherwise,  Deep State is playing US for fools.

JailBanksters Thu, 12/28/2017 - 23:07 Permalink

What's the reason for North Korea

The US created the threat, North Korea is no real threat only a perceived one.

The only thing North Korea has is 6 Trillion worth of Iron, Gold, Zinc, Copper still in the ground.

So why is the USA so bend on a War with North Korea ?

JohninMK JailBanksters Fri, 12/29/2017 - 07:07 Permalink

Plus there was no way that the US MIC could allow peace to break out like it looked it might with the new SK leadership in 2017.

Now just look at the $B of advanced air defences etc that are being set up for SK and Japan. Good old Japan has just signed for a single 767 based air tanker for around $250M, what a price that is!!!

No point now in destroying perfectly good customers or threats, that would be a sales and profit and political 'support' catastrophe.

In reply to by JailBanksters

Zepper Thu, 12/28/2017 - 23:27 Permalink

Ever catch a thief red handed only to see that thief call you the thief as a response. Well that's the entire Obama administration in a nutshell... as far as China is concerned: NONE YOU BUSINESS!

 

A famous saying by all Borg not just in China... all the fuck around the fucking world where the Borg have infested.

 

They better start getting ready to throw China out of the WTO and then out of the U.N. they should NOT be a permanent member. Thats just fucking insane. Better to have India then China and thats saying something.

PitBullsRule Fri, 12/29/2017 - 00:16 Permalink

Yeah?  So what the fuck are you going to do about it? 

Send China a mean Tweet?

You try anything and they can start selling US bonds, they can cut off our supply of cheap Chinese shit, all the Walmarts would close down, you will never have a new pair of socks again.  You'll be paying 1000 dollars for sneakers.  You'll be paying 100 grand for your washing machines.  Go ahead and try something wise guys.

Thats why sanctions never work, assholes!

fattail PitBullsRule Fri, 12/29/2017 - 07:30 Permalink

China wouldn't have any oil to sell as they would be focused on dispersing the angry mobs of hungry people.  Those treasuries will just be bought at a very low price and sterilized with freshly printed FRNs.  Move the supply chain in china to central america and mexico so that our neighbors can benefit.  

Corporate profits would drop as there be no longer chinese rivers and air to pollute.  Labor costs would go up marginally.  But how much cheap shit from walmart do we all need.  I can get along with less.  Our standard of living is going to drop eventually,  lets do it while we are young.

In reply to by PitBullsRule

InnVestuhrr Fri, 12/29/2017 - 00:21 Permalink

I am soooooooooooooo grateful that America's supremely wise, patriotic, ethical, ingenious leaders transferred America's industries and jobs to the PRC to accomplish the brilliant strategic goal of transforming the PRC from a hostile dangerous dictatorship into an open transparent government and close American partner.

Sometimes I wonder what it must be like to be soooooo intelligent and insightful ... I could never have even dreamed of such a brilliant long-term strategic scheme, I would have been preoccupied with short-sighted narrow and simple minded mundane issues like protecting working Americans, and the American economic base & strength, etc .

not dead yet InnVestuhrr Fri, 12/29/2017 - 04:07 Permalink

The US was the #1 manufacturer on the planet when it was passed by China around 2010. The US is a solid #2. Most of the stuff sent overseas was the low profit stuff. When oil prices collapsed Texas went into recession as it hit hard the oil field equipment manufacturers. Caterpillar and John Deere have lots of plants of various sizes across the Midwest. US #4 in steel manufacturing. Then there's Boeing with the big rigs and a large industry of executive jets being made in the US. Big rig trucks and other commercial trucks made here. Lots of tire plants including Goodyear, Continental, Yokohama, Bridgestone, The company I worked for has over a dozen plants making water equipment in the US and they have lots of competitors with plants here. Around 50 auto assembly plants in the US including Toyota, Bimmer, Subaru, Kawasaki, Mercedes, Volkswagon, Hyundai, Honda, and KIA. Lots of stuff being manufactured if one cares to make the effort whether by research or driveby. GE with locomotives, jet engines, and medical equipment. In the last few years replaced some windows, the furnace and AC, siding, roof, stove, frig, washer, dryer, with all the stuff made in the USA.

There have been some manufacturers moving back to the US in recent years and if Trump keeps following through cutting regulations and stopping the flow of new ones more may move back. Obama's crew was responsible for averaging over 100,000 new regulations every year. When Trump won the election Obama called on his minions to increase their efforts to get as many planned regulations on the books before Trump took over. An example of stupid rules was they were going to issue new regulations, don't know if they did for sure, for Christmas lights. The government was receiving huge numbers of complaints about their safety. In recent decades they were averaging ONE per year.

In reply to by InnVestuhrr

Savvy Fri, 12/29/2017 - 00:28 Permalink

I don't know why China would deny it. I were China I say fuck you, we have oil to sell and it's -15 in Pyongyang tonight. You want people to freeze? You think rocket man is cold? ha ha ha

joego1 Fri, 12/29/2017 - 00:37 Permalink

If it's not happening maybe they wouldn't mind if we drop a few bombs on the non-existent oil tankers. Then both sides can deny the whole thing.

Davidduke2000 Neochrome Fri, 12/29/2017 - 02:41 Permalink

The world knows about the izzy crap, but with american bullying they stayed all these years quit, but now we saw when other countries revolt on the us tyrants, they will bring these crimes to the surface making the us and izzy land the most hated countries on the face of the earth and would stop all trades with the us and we know the world stopped all trades with izzy land already.

In reply to by Neochrome

ThePhantom Fri, 12/29/2017 - 02:11 Permalink

they probably told the dude when to launch... and are all in on it... otherwise its just a bunch of closed hearted devils fighting eachother.. open your heart or die , humans. and die it will be i guarantee you. though i seriuosly hope im wrong