Russia Is Selling Massive Amounts Of Oil To North Korea

Photo from NKNews

Yonhap News: NK's oil price dives amid sanctions: RFA

SEOUL, Dec. 3 (Yonhap) -- The prices of diesel oil and gasoline in North Korea showed significant drops this month thanks to their alleged massive supply from Russia, a U.S. broadcaster reported Sunday, citing a Japanese report.

According to the Tokyo-based Asia Press International (API) report on the North's market price index, diesel oil was sold at 6,765 North Korean won (US$0.82) per kilogram and gasoline at 15,990 won, Radio Free Asia said.

The figures represented respective drops of more than 60 percent and 25 percent from 17,500 won and 23,250 won early last month, the broadcaster said.

Jiro Ishimaru, head of API Osaka, discovered that the plunges began late last month, according to the broadcaster.

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Update: Oil prices in North Korea dip due to imports from Russia (UPI)

WNU Editor: So much for sanctions. As to how is North Korea paying for this? My guess is doing deals like this .... North Korean coal piles up as Russian product sails away (Daily Mail/AFP). As for shipping North Korean coal to China, those sanctions appear to be working .... North Korean coal piles up as sanctions take their toll and exports to China grind to a halt (SCMP).