North Korea tensions mount over tough new sanctions at Manila meeting

North Korea tensions mount over tough new sanctions at Manila meeting

North Korea tensions mount over tough new sanctions at Manila meeting

The UN Security Council on Saturday imposed its toughest round of sanctions yet against Pyongyang over its two intercontinental ballistic missile tests in July.

The new sanctions could slash North Korea's $3 billion annual export revenue by a third. The regime threatened "strategic" and "physical" actions against the US, which spearheaded the sanctions.

"The fundamental reason for THAAD deployment is for our national interest and for the sake of our national security", Tang said, referring to Seoul's Terminal High Altitude Area Defense supplied by the U.S.

The North said it would take an unspecified "resolute action of justice" and would never place its nuclear program on the negotiating table or "flinch an inch" from its push to strengthen its nuclear deterrence as long as USA hostility against North Korea persists.

South Korea's government said the North would face stronger sanctions if it doesn't stop its nuclear and missile provocation. He said the North could still carry out further missile tests or a sixth atomic bomb test in the coming months under its broader weapons development timetable.

The US will hold the door open to North Korea if it halts a recent series of missile test launches, said Secretary of State Rex Tillerson. The document implies prohibition of imports of coal, iron, iron ore, lead and seafood from the Asian nation by the UN member states.

However, Tillerson is expected to meet with Russian Foreign Minister Sergei Lavrov and his Chinese counterpart Wang, who are both perceived by Washington to be players in the North Korean issue.

Even with new United Nations sanctions in place meant to drive Pyongyang back to the table, conditions still aren't ripe for talks, USA diplomats said.

Fidelity National Financial (FNFV) Earns Daily News Impact Rating of 0.18
Finally, Edge Asset Management Inc. increased its stake in Fidelity National Financial by 0.8% in the first quarter. Norges Bank bought a new stake in Ambac Financial Group during the fourth quarter worth approximately $867,000.

"The basic political dynamics remain: China does not want North Korea to crumble, and China craves geopolitical stability above everything else", he said.

There was no direct reaction from North Korea to Tillerson's remarks but in a statement after the USA secretary of state made his comments, Pyongyang responded robustly to the new sanctions by saying it was ready to teach the United States a "severe lesson" if it attacked.

That diplomatic concession led to speculation that Tillerson and Ri Yong Ho of North Korea, attending their first meeting together, might actually meet. Considering that the ARF is the only multilateral forum Pyongyang takes part in, Ri has received the most attention from the press, who were waiting for him at the airport and at his hotel, though Ri had little to say.

In a statement to the Manila forum on Monday, Pyongyang said it would never place its nuclear program on the negotiating table as long as the United States maintained a hostile policy against the North.

Susan Thornton is the top US diplomat for Asia. She says it was a "very, very good outcome".

It added that Japan and South Korea "kowtowed blindly" to the U.S.

The meeting comes as the USA and Asian nations join together to try to step up Pyongyang's economic and diplomatic isolation.

Related news