Nations slap N Korea with more sanctions

Nations slap N Korea with more sanctions

Nations slap N Korea with more sanctions

The chancellor is ready to sit down for similar discussions with North Korea as the situation becomes increasingly hostile.

It also bans all textile exports and prohibits all countries from authorising new work permits for North Korean workers - two key sources of hard currency.

The proposals which include, a ban on oil imports, textile exports, employment of its citizens in other countries and a freezing of Kim's assets, could be vetoed by China and Russian Federation, both of which have the ability to veto any United Nations measures and had previously expressed scepticism that tougher sanctions would stop the North's attempts at nuclear proliferation.

"The world will witness how the DPRK tames the U.S. gangsters by taking series of action tougher than they have ever envisaged". Maxwell asked. "There's very few countries that have that, that can make conventional military threats that allowed North Korea to develop nuclear weapons without a significant response".

"We don't take pleasure in further strengthening sanctions today". If it proves it can live in peace, the world will live in peace with it.

Pyongyang's ambassador Han Tae Song, addressing the UN-sponsored Conference on Disarmament in Geneva, said: "The Washington regime fired up for political, economic, and military confrontation, (is) obsessed with the wild game of reversing the DPRK's development of nuclear force which has already reached the completion phase".

The text was agreed to after final negotiations between the US and China, the North's ally and major trading partner. Haley said the resolution never would have happened without the "strong relationship" between President Donald Trump and Chinese President Xi Jinping.

A massive celebration was hosted by the North Korean leader Kim Jong-un to congratulate his nuclear scientists and technicians who steered the country's sixth and largest nuclear test a week ago, its official news agency said on Sunday.

30 November 2016: United Nations targeted North Korea's valuable coal trade with China, slashing exports by about 60% under a new sales cap.

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But on Sunday the North warned that it would inflict the "greatest pain and suffering" on the United States, in the event of tougher worldwide sanctions.

China also reported sending 6,000 barrels a day of oil products to North Korea in 2016, according to the EIA, citing United Nations customs data.

Specifically, this resolution will result in a 30% decrease in total oil imports by cutting off over 55% of refined petroleum products going to North Korea, the USA official told CNN.

The textile ban is significant.

Between December 2016 and May 2017, for example, the DPRK exported over $79 million of iron ore to China, the report said. And the new measure adds a caveat to the original language that would have banned the import of North Korean laborers altogether, saying that countries should not provide work authorization papers unless necessary for humanitarian assistance or denuclearization.

Last week, after North Korea conducted its sixth and most powerful nuclear test, Nikki Haley, the USA ambassador to the United Nations, called for the toughest possible sanctions.

China's big four state-owned banks have also stopped providing financial services to new clients from North Korea, according to branch staff.

The US is calling for an oil embargo on the North, an assets freeze on Kim Jong-un, a ban on textiles and an end to payments of North Korean guest workers.

The unanimously passed resolution will impose the latest in a string of sanctions.

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