Navigation
Suscribe
Menu Search Facebook Twitter
Search Close
Menu ALL SECTIONS
  • Capital Coahuila
  • Capital Hidalgo
  • Capital Jalisco
  • Capital Morelos
  • Capital Oaxaca
  • Capital Puebla
  • Capital Quintana Roo
  • Capital Querétaro
  • Capital Veracruz
  • Capital México
  • Capital Michoacán
  • Capital Mujer
  • Reporte Índigo
  • Estadio Deportes
  • The News
  • Efekto
  • Diario DF
  • Capital Edo. de Méx.
  • Green TV
  • Revista Cambio
Radio Capital
Pirata FM
Capital Máxima
Capital FM
Digital
Prensa
Radio
TV
X
Newsletter
Facebook Twitter
X Welcome! Subscribe to our newsletter and receive news, data, statistical and exclusive promotions for subscribers
World

UN Further Tightens North Korea Sanctions

The new sanctions target North Korea's hard currency revenues by placing a cap on coal exports, cutting them by at least 62 percent

Secretary-General of the United Nations, Ban Ki-moon, photo: CTBTO via Flickr/Anna Rauchenberger
12 months ago

UNITED NATIONS — The U.N. Security Council voted Wednesday to further tighten sanctions on North Korea in response to their fifth and largest nuclear test yet.

The council unanimously approved the sanctions resolution following months of diplomatic wrangling over how best to respond to North Korea’s latest nuclear test in September and their repeated defiance of international sanctions and diplomatic pressure.

“The Security Council has today taken strong action on one of the most enduring and pressing peace and security challenges of our time: the nuclear and ballistic missile activities of the Democratic People’s Republic of Korea. I welcome the unanimous adoption of this new resolution,” U.N. Secretary-General Ban Ki-moon, who is South Korean, said, referring to North Korea by its full name.

The new sanctions target North Korea’s hard currency revenues by placing a cap on coal exports, cutting them by at least 62 percent.

Diplomats said the new sanctions further clarify that the “livelihood” exemption, which allowed the Chinese imports, is meant only to protect the livelihoods of those currently living inside North Korea, not Chinese people or companies doing business with the country.

The sanctions would also slap a ban on North Korea’s exports of non-ferrous metals and sanction 11 government officials as well as 10 entities linked to the country’s nuclear weapons program. The sanctions include a host of other measures cracking down on the country’s access to the international banking system and on North Korea’s export of statues, which have earned the country hard currency mostly through sales to African nations.

North Korea’s main ally and largest trade partner, China hailed the sanctions as striking a balance between punishing the rogue nation and protecting its people.

“The resolution adopted by the council today demonstrates the uniform stand of the international community against the development by DPRK of its nuclear missile programs and forward the maintenance of the international non-proliferation regime,” China’s Ambassador Liu Jieyi said, adding that the measures “are not intended to produce negative consequences on DPRK’s humanitarian situation.”

North Korea’s persistent pursuit of missiles and nuclear weapons has long been one of the most intractable foreign policy problems for U.S. administrations.

Diplomacy has so far failed. Six-nation negotiations on dismantling North Korea’s nuclear program in exchange for aid were last held in late 2008 and fell apart in early 2009.

The Korean Peninsula remains technically at war, as the 1950-53 Korean War ended in an armistice, not a peace treaty.

MICHAEL ASTOR

Comments Whatsapp Twitter Facebook Share
More From The News
Latest News

Sessions denies lying on Russia, pleads ...

4 days ago
Business

Senate GOP intent on scrapping health ma ...

4 days ago
Business

Asian shares fall, tracking Wall St, dro ...

4 days ago
Latest News

Washington GOP boosts pressure on Alabam ...

4 days ago
Most Popular

Nigeria seeks Chinese loan

By The Associated Press
Business

Undersecretary: No Risk for Development ...

By Notimex
Business

Mexico Keeps Key Rate Steady as Peso Str ...

By The News
Business

Daily Exchange: Dollar Sold for up to 18 ...

By Notimex
Business

Banxico Seen Holding Key Rate as Peso St ...

By Reuters
Business