News Worms
News Worms

Trump touts new sanctions on North Korea

Trump touts new sanctions on North Korea

China's support for sweeping sanctions on North Korea under a new United Nations Security Council resolution show Beijing recognizes the gravity of the threat of Pyongyang's nuclear program and missile tests, a top USA official said on Sunday, Reuters reports.

The Security Council has imposed on North Korea "the most stringent set of sanctions on any country in a generation", US Ambassador Nikki Haley stated. Today you're going to see the action.

"The United States was able to get a pretty strong resolution here that will hit North Korea where it hurts economically", says Ankit Panda, who writes about North Korea for the online magazine, The Diplomat.

The United States spent weeks following the initial ICBM launch negotiating the text with China, North Korea's neighbor and ally.

The unanimous adoption of Resolution 2371 by the council on Saturday demonstrates that the worldwide community is united in its position regarding the nuclear issue of the Korean Peninsula, Liu told the Security Council after the voting of the sanctions. The penalties enacted are aimed at reducing a billion dollars a year North Korean revenues by exporting coal, iron, lead and shellfish.

The government said that the resolution added nine North Korean officials and four entities including North Korea's main foreign exchange bank to the United Nations sanctions blacklist.

North Korea earns approximately $3 billion per year from its exports.

The Security Council has already imposed six rounds of sanctions that have failed to halt North Korea's drive to improve its ballistic missile and nuclear weapons capabilities.

"The President appreciates China's and Russia's cooperation in securing passage of this resolution", the statement said, noting Trump "will continue working with allies and partners to increase diplomatic and economic pressure on North Korea".

The comments came as Secretary of State Rex Tillerson was in the Philippines for a regional summit expected to focus heavily on concerns with North Korea.

The resolution expresses regret at North Korea's "massive diversion of its scarce resources toward its development of nuclear weapons and a number of expensive ballistic missile programmes".

Moreover, it subjects nine North Korean individuals and four entities to asset freezes and travel bans. The Mansudae Overseas Project Group of Companies, which was also added to the list, is described in the draft resolution as engaged in exporting workers for construction, including of monuments, in Africa and Southeast Asia.

Trump's willingness to go to war with North Korea was mentioned by Sen.

Neither oil nor new air restrictions are included in the resolution.

The measures would be the seventh set of United Nations sanctions imposed on North Korea since it first carried out a nuclear test in 2006.

It would also give a green light for the committee to designate specific vessels that are breaking sanctions from entering ports all over the world, and to work with INTERPOL to enforce travel bans on North Koreans on the sanctions blacklist. "This was a strong day in the UN, it was a strong day for the United States and it was a strong day for the global community".

China has always insisted on realizing the denuclearization of the Korean Peninsula, upholding peace and stability there and seeking a solution through dialogue and consultation.


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