UNSC approves extensive sanctions on Pyongyang after ICBM tests

The 15 UN Security Council members unanimously passed the new US-drafted sanctions against North Korea on Saturday. The sanctions include a ban on North Korean exports, which is expected to seriously reduce the country’s export revenue.
The UN Security Council unanimously approving the new sanctions Photo Credit: EPA

On Saturday, the UN Security Council unanimously approved the new sanctions on North Korea, which were proposed by the US, in response to the two latest missile tests that the isolated dictatorship conducted.

It is estimated that the new sanctions will cut North Korea’s export revenue by a third. The sanctions prohibit Pyongyang’s exports of coal, iron, iron ore, lead, lead ore and seafood and ban countries from hiring more North Korean workers and launching new joint projects with Pyongyang.

In addition, nine people and four business entities, including the main North Korean bank, were placed on a UN blacklist as part of the sanctions, meaning that their assets have been frozen and they are banned from traveling abroad.  

“We should not fool ourselves into thinking we have solved the problem,” US Ambassador to the UN Nikki Haley said after the sanctions were passed. “Not even close. The North Korean threat has not left us. It is rapidly growing more dangerous.” Haley added that the US is taking “prudent defensive measures” to protect itself and its allies in the region from the North Korean threat.

US President Donald Trump welcomed the sanctions on Twitter: “The United Nations Security Council just voted 15-0 to sanction North Korea. China and Russia voted with us. Very big financial impact!”

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