As reported by Reuters, the US has accused North Korea of circumventing UN sanctions by using at-sea cargo switching. Key quotes “The United States accused North Korea on Thursday of breaching a U.N. sanctions cap on refined petroleum by making illicit transfers between ships at sea, according to a document seen by Reuters, and demanded an immediate end to all sales of the fuel. The United States submitted the complaint to the U.N. Security Council North Korea sanctions committee. North Korea relies on imported fuel to keep its struggling economy functioning. The United States said that as of May 30, 89 North Korean tankers had brought in refined petroleum products illicitly obtained in ship-to-ship transfers this year. The United States did not broadly say which countries it believed were illicitly providing North Korea with refined petroleum. But it does mention one case of a ship-to-ship transfer involving a Russian-flagged ship and one case involving a Belize-flagged ship. According to the Security Council North Korea sanctions committee website, only Russia and China have reported legitimate sales of some 14,000 tons of refined petroleum to North Korea in 2018. “If fully loaded at around 90 percent laden, DPRK tankers have delivered nearly triple the 2018 quota at 1,367,628 barrels,” the United States said. It asked the North Korea sanctions committee to issue an urgent note to all U.N. member states notifying them that North Korea has breached the refined petroleum cap and order an immediate halt to all transfers.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next AUD/JPY clips into a new one-month high at 83.50 FX Street 5 years As reported by Reuters, the US has accused North Korea of circumventing UN sanctions by using at-sea cargo switching. Key quotes "The United States accused North Korea on Thursday of breaching a U.N. sanctions cap on refined petroleum by making illicit transfers between ships at sea, according to a document seen by Reuters, and demanded an immediate end to all sales of the fuel. The United States submitted the complaint to the U.N. Security Council North Korea sanctions committee. North Korea relies on imported fuel to keep its struggling economy functioning. The United States said that as of May 30,… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.