SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 457.82+1.3%Jan 23 4:00 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: bull_dozer who wrote (184928)3/6/2022 11:35:43 PM
From: bull_dozer  Read Replies (2) of 219726
 
China Opposes Sanctions and Has a Reputation for Busting Them

Sanctions on Russia for Ukraine war could prove less effective if China offers market access

Under international agreements, North Korea isn’t supposed to be able to export its coal. That its smugglers have been doing so right under China’s nose is one reason Beijing is in focus as sanctions bear down on Russia.

Chinese companies have repeatedly dodged restrictions on trading with countries like North Korea, Iran and Venezuela, according to sanctions investigators from United Nations panels of experts, the U.S. Treasury Department’s Office of Foreign Assets Control and other monitors. A U.N. panel’s report six months ago, for example, documented how North Korea-connected vessels illegally made 41 coal transfers in about four months just offshore from China’s busiest port.

Western actions to sever many of Russia’s ties to the global economy as punishment for its war on Ukraine could be less effective if China offers Moscow access to what some see as the bazaar of choice for rogue nations.

Sanctions-busting on Russia’s behalf would be large-scale, requiring forthright state involvement such as deals with big government-run firms or the application of laws designed to undermine foreign sanctions. It is typically small-time traders who get involved with North Korea, monitors say.

wsj.com
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News