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UN Security Council imposes fresh sanctions on North Korea

The sanctions, which were backed by the entire council, could slash the Hermit Kingdom’s export revenue by a third

6 August 2017, 10:41am
The United Nations Security council has unanimously voted in favour of more sanctions on North Korea
The United Nations Security council has unanimously voted in favour of more sanctions on North Korea
The United Nations Security Council yesterday unanimously approved new sanctions on North Korea over two ballistic missile tests in July. Last week’s launch was the 14th missile test this year.  

The US-drafted resolution will ban North Korean exports of coal, iron, lead and seafood, and could potentially slash the rouge state’s annual $3 billion export revenue by a third.

The resolution also prohibits countries from increasing the current numbers of North Korean laborers working abroad, bans new joint ventures with North Korea and any new investment in current joint ventures.

Speaking at the United Nations, U.S. Ambassador to the United Nations Nikki Haley said that the international community should not fool itself into thinking it has solved the problem.

“Not even close,” she said. “The North Korean threat has not left us, it is rapidly growing more dangerous."

"Further action is required. The United States is taking and will continue to take prudent defensive measures to protect ourselves and our allies," she said, adding that Washington would continue its annual joint military exercise with South Korea.  

North Korea has accused the United States and South Korea of escalating tensions by conducting military drills.

China and Russia have been critical of the US’ deployment of an anti-missile defence system in South Korea, with China's ambassador to the UN, Liu Jieyi, calling for a halt to the deployment and for any equipment in place to be dismantled.

Liu also urged North Korea to "cease taking actions that might further escalate tensions."

"The United Nations Security Council just voted 15-0 to sanction North Korea. China and Russia voted with us. Very big financial impact!" Trump wrote on Twitter on Saturday evening following the vote.