UN imposes tough new sanctions on North Korea

The U.N. Security Council has unanimously approved new sanctions on North Korea including banning exports worth over $1 billion. The resolution adopted Saturday afternoon would also ban countries from giving any additional permits to North Korean laborers – another source of money for Kim Jong Un’s regime. The U.S.-drafted measure, negotiated with North Korea’s neighbor and ally China, is aimed at increasing economic pressure on Pyongyang to return to negotiations on its nuclear and missile programs. It follows North Korea’s first successful tests of intercontinental ballistic missiles capable of reaching the United States last month. The resolution bans North Korea from exporting coal, iron, lead and seafood products estimated to be worth over $1 billion. This represents one-third of its total exports last year, estimated at $3 billion.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s