MOSCOW (Sputnik) — Under the project, soft coal is being transported to the North Korean district of Rajin from the Russian border city of Khasan on a reconnected 54-kilometer (33-mile) railway, and then shipped to South Korea.
"According to paragraph 29a of the UN Security Council resolution, the restrictions do not apply to Khasan-Rajin project focused on energy transit from Russia to third countries using the port of Rajin," the company told RIA Novosti.
The company added that it intends to continue constructive cooperation with its partners on the project, in particular with Seoul.
Under the contracts concluded by now some 2.5 million tonnes of the Russian coal will be transported through the North Korean port in 2016-2017, the company pointed out.
In early January, Pyongyang said that it had successfully tested a hydrogen bomb. The following month, North Korea fired a long-range rocket to allegedly place a satellite into orbit in defiance of UN Security Council resolutions.