China rebuffs United States demand to cut off oil exports to North Korea

China China rebuffed US demands cut off oil exports oil exports to North Korea Kim Jong-Un nuclear weapons United Nations Security Council resolutions

"Honestly, I think the United States should be doing ... much more than now, so that there's real effective worldwide cooperation on this issue", he told reporters. "They should do more to find effective ways to resume dialogue and negotiation", he said.

Meanwhile, North Korea's leader Kim Jong-un announced on Saturday that his country was seeking to reach "equilibrium" of military force with the U.S., shortly after the UN Security Council (UNSC) censured Pyongyang's latest missile launch over Japan.

The missile launch came days after the UNSC unanimously adopted a new set of sanctions against the North for its sixth and most powerful nuclear denotation test on September 3.

On August 22, the United States government unilaterally sanctioned Russian firms engaged in crude oil trade with North Korea, freezing their assets among other measures. USAssistant Secretary of the Treasury Marshall Billingsley said Tuesday at a House Foreign Affairs Committee hearing that the USA government imposed financial sanctions on the Bank of Dandong in Dandong, Liaoning Province, China, at the end of June. It also banned North Korea's textile exports (the second-biggest export for the country) which totals over $750 million each year, according to data from the Korea Trade-Investment Promotion Agency. Beijing has backed United Nations sanctions against the North.

Kim further vowed to complete the country's nuclear weapons program despite growing sanctions against Pyongyang.

Billingsley indicated that the USA government would sanction other Chinese financial institutions. "If the U.S. hopes that our position would be shaken and changed, that is an illusion", Kim Yong-jae told Russian media on Tuesday.

Chinese officials urged the Trump administration on Friday to halt its threats of military action against North Korea and rejected the notion, pushed by the president in recent weeks, that China is responsible for helping to resolve escalating tensions with military threats of its own.

To a question related the United States demands to cut off oil exports to North Korea, the diplomat said that it was American leaders who needed to tone down their rhetoric and added that Beijing will implement all UNSC resolutions.

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