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December 17, Sunday 2017 2:14 AM       

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       UNSC adopts new N Korea sanctions
 
         Posted on :11:32:03 Aug 6, 2017
   
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       Last edited on:11:32:03 Aug 6, 2017
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NEW YORK: The United Nations Security Council on Saturday passed a resolution imposing new sanctions on North Korea seeking ban on exports of coal and other commodities, CNN reports.

The new penalties will be adopted by the Security Council in response to two North Korean intercontinental ballistic-missile (ICBM) launches last month and violations of UN resolutions.

US Ambassador to the UN Nikki Haley, speaking at the Security Council meeting, said, "Monday, we said that the time for talking was over and that it was time for action. Today you're going to see the action. It's going to hit hard but it's going to make a strong point to North Korea that all this ICBM and this nuclear irresponsibility has to stop."

With 15 votes in favour, the draft resolution was passed unanimously.

The bans on coal, iron, iron ore, lead, lead ore and seafood exports could deny North Korea $1 billion in annual revenue, out of total exports of $3 billion.

The sanctions will cap North Korea's lucrative program of farming out labourers to other nations. Employers, which include China and Russia, would be barred from increasing the number of North Korean workers they use.

The new sanctions will prohibit new joint ventures between North Korean entities and foreign corporations and cap foreign investment in existing ventures.

The Washington Post had earlier quoted an UN official acknowledging that the United States had sought some elements that were not part of the new proposal.

The goal is to restrict North Korea's access to hard currency and products that it can use to further its ballistic missile and nuclear weapons programmes.

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Next Article: Lankan parliamentarians to visit China next week
 
 
WORLD HEADLINES
Toronto billionaire couple found dead at their home  
US may stop spouses of H-1B visa holders from working  
Al-Aqsa preacher slams Trump for recognising Jerusalem as Israel's capital  
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2 people died as 6.5 magnitude earthquake hits Indonesian island  
Pak SC rejects petition to disqualify Imran Khan from Parliament  
Japan imposes additional sanctions against N Korea  
Kim Jong-un's top aide executed by N Korean death squad: Reports  
Omarosa goes public with criticism after resignation  
Trump's approval rating stands at 32%  
Omarosa to leave White House next month  
6700 Rohingya killed in Myanmar: MSF  
Trump promises 'giant tax cut' as 'Christmas gift' to Americans  
UK, Japan to discuss security issues, N Korea nuclear threat  
US forces destroyed $80m of Taliban's drug money in Afghanistan  
India hosts 4th India-Australia-Japan trilateral meeting  
Air Fire Rescue Task Force set up to ensure safety in Tokyo  
Quake hits Iran's southeastern province  
Kim Jong-un can control weather: N Koreans  
Indian girl drowns in Australia, family request PM to bring body back  
Rohingya return deal bad for refugees, says HRW  
Left Alliance dominate vote count in Nepal polls  
Afghan Army kills 76 Taliban militants in five days  
Leader supporting Gaza terrorists cannot dictate me: Netanyahu  
Putin orders partial Russia troop withdrawal from Syria  
 
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