NKorea rejects United Nations sanctions, says U.S. will suffer

NKorea rejects United Nations sanctions, says U.S. will suffer

NKorea rejects United Nations sanctions, says U.S. will suffer

North Korean ally China and neighboring Russian Federation hold veto power on the Security Council.

The new sanctions set a cap on crude and refined oil exports to North Korea at 8.5 million barrels per year, which represents a 30 percent reduction, according to us officials.

China, North Korea's sole ally and main trading partner, has strongly objected to an oil embargo out of fear that it would bring the North's economy to its knees.

"I can not tell the committee today that we've seen sufficient evidence of China's willingness to truly shut down North Korean revenue flows, to expunge North Korean elicit actors from its banking system or to expel the various North Korean brokers and middlemen who are continuing to establish webs of front companies", Billingslea said.

A proposition has been made by the USA at the United Nations on Monday, which will affect North Korea greatly as the proposal included sanctions targetting the country's oil trade and financial assets. And it would increase the ability of United Nations member states to interdict ships on the high seas by allowing "nonconsensual inspections" of those designated as violating sanctions.

The import of refined petroleum products is also limited. It also bans North Korean exports of textiles, a $726 million industry, and phases out North Korea's overseas labor program, which sends 93,000 North Koreans abroad to work in near slave conditions and send their pay back to the regime.

A call for tougher sanctions against North Korea came after the country said detonated a hydrogen bomb last week after a series of missile launches earlier this year.

"Beyond the United States dollars 1.3 billion in annual revenues we will cut from North Korea, new maritime authorities will help us stop them from obtaining funds by smuggling coal and other prohibited materials around the world by ship", Haley said. One thing that remained in both of these drafts is a ban on North Korean textile exports.

"We are now acting to stop it from having the ability to continue doing the wrong thing", she said.

Hughes hits back at Mourinho
Although the result saw United's ideal start to 2017-18 ended, Mourinho says that optimism remains around Old Trafford. That Europa League win ensured entry into this season's Champions League and placed them back among Europe's elite.

Last week U.S. Ambassador to the U.N. Nikki Haley called for the "strongest possible measures" against Pyongyang, and called the China-Russia proposal "insulting". "If it proves it can live in peace, the world will live in peace with it", she told the United Nations security council after the council adopted the new sanctions.

The council banned North Korean textile exports, an important source of hard currency, and capped its imports of crude oil.

While advocating a diplomatic solution, she also said it is crucial to put pressure on North Korea so that the leadership in Pyongyang becomes more cooperative and willing to talk to the world community.

North Korea's Foreign Ministry said in a statement published on state media that if the U.S. "does rig up the illegal and unlawful "resolution" it would respond in kind.

"We think it's a big mistake to underestimate this Russia, China initiative".

Chinese Foreign Minister Wang Yi said his country agreed on the need for additional Security Council action but at the same time urged "dialogue and consultation".

"We are done trying to prod the regime to do the right thing".

But Kang added both the USA and South Korea believed in following a policy of "responding firmly (to) provocations through tough sanctions while leaving the door open for dialogue". "Secondly, you're right that sanctions take time to have an impact, but it's only over the previous year or so that the Security Council has been sanctioning sectors of the economy", Rycroft said.

Related news