UNSC unanimously approves new sanctions on North Korea

UNSC unanimously approves new sanctions on North Korea

The UN Security Council voted unanimously on Saturday in NY to impose its toughest sanctions so far on North Korea. Today you're going to see the action.

Haley said Saturday at the Security Council meeting that North Korea's "irresponsible and careless acts" have proved to be quite costly to the regime.

Two recent ICBM launches by North Korea prompted a call for action by many United Nations members.

Washington gave a new twist to the blockade against its archenemy yesterday, at the UN Security Council, by securing the support of China and Russian Federation to new sanctions against Pyongyang. The resolution significantly strengthens the sanctions on the DPRK, imposing a full ban on the export of coal, iron and iron ore from the country. It prohibits new joint ventures or cooperative commercial entities with DPRK and additional investment in existing ones. This represents one-third of its total exports previous year, estimated at $3 billion.

"To have China stand with us, along with Japan and (South Korea) and the rest of the global community telling North Korea to do this, it's pretty impactful", Haley said. "It was not a good day for North Korea".

"This resolution is the single largest economic sanctions package ever leveled against the North Korean regime", she said.

The measure was drafted by the USA and negotiated with South Korea and China.

The sanction also blacklisted nine DPRK individuals operating overseas as representatives of designated entities (asset freeze and travel ban) and four DPRK commercial entities designated for an asset freeze. In the previous resolutions against Pyongyang adopted a year ago, the council set export caps on coal, the country's main trade item.

While the draft resolution would impose biting economic sanctions, the USA didn't get everything it wanted.

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

Under the draft, countries would be unable to hire any new North Korean workers. It would also impose an asset freeze on two companies and two banks.

The council diplomat, who was not authorized to speak publicly and insisted on anonymity, called the newly sanctioned Foreign Trade Bank "a very critical clearing house for foreign exchange".

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.

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

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.

Lt. Gen. H.R. McMaster, President Trump's national security adviser, said in an interview Saturday on MSNBC that a military option was still under consideration for dealing with the North Korean threat, but that the United States and its allies wanted first to exhaust all other options to resolve the standoff with Pyongyang peacefully.

The resolution reiterates language from previous ones supporting a return to six-party talks with the goal of denuclearizing the Korean Peninsula; expressing the Security Council's commitment "to a peaceful, diplomatic and political solution to the situation"; and stressing the importance of maintaining peace and stability in northeast Asia.