UNSC imposes tough sanctions on North Korea

UNSC imposes tough sanctions on North Korea

UNSC imposes tough sanctions on North Korea

The UN Security Council unanimously imposed new sanctions on North Korea, banning textile exports and restricting shipments of oil products to punish Pyongyang for its sixth and largest nuclear test.

The North's Foreign Ministry issued a statement Monday saying it is watching the United States' moves closely and threatened it is "ready and willing" to respond with measures of its own.

Earlier this month North Korea launched its biggest nuclear bomb test, prompting global condemnation as U.S. President Donald Trump said "appeasement" would not work.

The resolution, however, was much weaker than the USA -proposed original draft that included cutting off crude supplies to the North and freezing overseas assets of North Korean leader Kim Jong-un.

When these new stronger sanctions are added to those passed last month, over 90 percent of North Korea s publicly reported exports are now fully banned.

"Compared with the original draft proposed by the USA, the resolution was toned down, such as reducing oil supplies to the North by 30 percent rather than a total suspension, and the North Korean leader's exclusion from the sanctions", Lee said during a Cabinet meeting.

The U.N. Security Council is stepping up the pressure on North Korea.

Textile exports North Korea's largest economic sector that the Security Council had not previously restricted earned North Korea an average of Dollars 760 million in the past three years.

UN Imposes Toughest-Ever Sanctions on North Korea
The US has still not ruled out a military option to halt North Korea's nuclear development, the White House confirmed Tuesday. Beijing believes Thaad, which employs a powerful radar, is a security threat to China and neighbouring countries.

"If North Korea continues its unsafe path, we will continue with further pressure".

Britain's U.N. ambassador, Matthew Rycroft, told reporters who questioned the watering down of the initial USA text that "there is a significant prize in keeping the whole of the Security Council united".

Limits on imports of crude oil and oil products. He said so far he did not have evidence that Kim Jong-un's regime has targeted cryptocurrency exchanges outside of South Korea, but did not rule out the possibility in the future.

China and Russian Federation had called for a resolution focused on a political solution to the escalating crisis over North Koreas nuclear program.

China's United Nations ambassador, Liu Jieyi, called for a resumption of negotiations "sooner rather than later".

"This resolution also puts an end to the regime making money from the 93,000 North Korean citizens it sends overseas to work and heavily taxes", Haley said.

"We're convinced that diverting the gathering menace from the Korean Peninsula could be done not through further and further sanctions, but by political means", he said.

North Koreans celebrated the country's 69th founding anniversary on Sunday, but Pyongyang did not test another intercontinental ballistic missile, as South Korea had warned might happen.

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