Seoul Seeks New Talks With North Korea, Hoping To Tamp Down Tensions

In the July 5 UNSC meeting, Haley issued a warning to China and Russian Federation, as well as states supporting the DPRK, saying that the US will not tolerate countries that do business with North Korea or stall on resolution negotiations in order to water sanctions down.

Pyongyang intends to take retaliatory steps against a proposed UN Security Council resolution that would imply new sanctions against North Korea, the country’s Foreign Ministry spokesman said in a statement on Friday.

The proposed meetings, if realised, would be a “rare opportunity to ease tension that has built up for 10 years”, said Cheong Seong-Chang, analyst at Sejong Institute think tank.

The targets now being weighed for sanctions would come from a list of firms numbering “substantially more than 10” that Mr Trump shared with Chinese President Xi Jinping at a Florida summit in April and which United States experts have continued to compile for review, according to one of the officials.

In Beijing, Chinese Foreign Ministry spokesman Geng Shuang reiterated China’s opposition to unilateral sanctions outside the framework of the United Nations and said China had been fully enforcing United Nations resolutions.

“Should the UN Security Council adopt another “resolution on sanctions” this will trigger corresponding measures”, KCNA cited the official as saying. Senator Lisa Murkowski (R-AK) says the latest test is a particular threat to her state.

Earlier this month, Moon said in a speech in Germany that he’s willing to meet North Korean leader Kim Jong Un if certain conditions are met. Moon also said the two Koreas must halt hostile activities along the border, restart family reunions and cooperate on the 2018 Winter Olympics to be held in Pyeongchang, South Korea.

Fresh US sanctions would be aimed at sending a message to Beijing of Washington’s resolve to act further on its own.

It also directed further criticism at the USA for encouraging pressure against the DPRK in response to the launch, which it maintains is its sovereign right – despite such actions being prohibited by existing resolutions.

A defector who reports commodity prices for Daily NK, Kang Mi-jin confirmed the price spike in recent week was caused initially by China restricting the flow of oil to North Korea.

“They’d have to show they’re really serious”, the second official said. The administration did not get Congressional approval before airstrikes on Syria in April.

CNPC declined to comment on Monday when asked by Reuters if fuel sales to North Korea had resumed. In addition, China’s imports of coal totalled 2.68 million tonnes in the first half of the year, down 74.5 per cent from the previous year.

Murkowksi says the US has not taken enough action against North Korea.