Supply Chain Research

The U.S. has implemented so-called secondary sanctions against 16 entities in China and Russia accused of supporting North Korea (DPRK). Yet, the effectiveness of these – and United Nations – sanctions will be limited given China continues to make significant exports to DPRK. These increased 32% in the three months to July 31 on a year earlier, despite dropping 8% in July vs. June. The decline in Chinese imports resulting from the sanctions on coal mean imports fell 30%, leading to a $1.2 billion trade surplus vs. the DPRK in the past 12 months. The options for cutting exports may be lim...