UN imposes tough new sanctions on North Korea

The U.N. Security Council unanimously approved tough new sanctions Saturday to punish North Korea for its escalating nuclear and missile programs including a ban on coal and other exports worth over $1 billion — a huge bite in its total exports, valued at $3 billion last year.

U.S. Ambassador Nikki Haley called the resolution “the single largest economic sanctions package ever leveled against the North Korean regime” and “the most stringent set of sanctions on any country in a generation.”

But she warned that it is not enough and “we should not fool ourselves into thinking we have solved the problem — not even close.”

“The threat of an outlaw nuclearized North Korean dictatorship remains … (and) is rapidly growing more dangerous,” Haley told council members after the vote.

The U.S.-drafted resolution, 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 — a point stressed by all 15 council members in speeches after the vote.

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

U.S. Secretary of State Rex Tillerson, in Manila for talks with regional counterparts, called it “a good outcome.”

China’s Foreign Minister Wang Yi called for all sides in the nuclear dispute to return to negotiations and repeated Beijing’s proposal for a “double suspension,” or a halt to North Korean nuclear development and joint U.S.-South Korean military exercises.

Haley told the Security Council that U.S.-South Korean military exercises have been carried out regularly and openly for nearly 40 years and “they will continue.”

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 resolution’s adoption follows…

Article Source…

Leave a Reply

Your email address will not be published. Required fields are marked *