Trump touts new sanctions on North Korea

Jeannette Daniel
August 7, 2017

Wang made the statement here on the sidelines of a series of foreign ministers' meetings, in response to a question regarding the new UN Security Council resolution over North Korea's testing of intercontinental ballistic missiles in July, Xinhua news agency reported.

The Foreign Ministry said on Sunday in a statement that the UNSC Resolution 2371 includes a ban on all exports of coal, iron, iron ore, lead, lead ore and seafood, and prohibits additional permits for North Korean workers overseas, which were excluded in the previous resolution.

The goal is to halt North Korea's aggressive pursuit of nuclear weapons and missiles capable of striking the US and elsewhere, a mission given added urgency after two intercontinental ballistic missile tests occurred in July.

It follows North Korea's first successful tests of intercontinental ballistic missiles capable of reaching the United States last month.

The sanctions, which target North Korea's foreign currency earnings, ban its exports of coal, coal, iron, iron ore, lead, lead ore and seafood. This year, Pyongyang was estimated to earn $251 million from iron and iron ore exports, $113 million from lead and lead ore exports, and $295 million from seafood exports, the diplomat said.

Resolution 2371 (2017) includes the strongest sanctions ever imposed in response to a ballistic missile test.

The resolution expresses regret at North Korea's "massive diversion of its scarce resources toward its development of nuclear weapons and a number of expensive ballistic missile programs" - a point stressed by Haley.

Gang Suspects Killed in Attempted Escape From Russian Court
The suspected ringleader, a native of Uzbekistan, was killed in a gunbattle with the police who came to arrest him in 2014. Moscow region prosecutor Alexei Zakharov promised to investigate possible violations of the convoy procedure.

Haley praised the unanimous vote on the resolution, saying that the United Nations "spoke with one voice".

North Korea has already faced a decade's worth of ever-increasing sanctions backed by the USA and its allies.

"To have China stand with us, along with Japan and (South Korea) and the rest of the global community telling North Korea to do this, it's pretty impactful", Haley said. It would also impose an asset freeze on two companies and two banks.

Haley said before entering the chamber to vote.

Though the economic sanctions have teeth, Washington didn't get everything it wanted.

Earlier, Trump said on Twitter that the latest United Nations measure was "the single largest economic sanctions package ever on North Korea". But he also called on the United States and South Korea to 'stop raising tensions on the Korean Peninsula, ' in apparent reference to the systematic military means deployment in the region and attempts to block Pyongyang economically and diplomatically.

The draft resolution reiterates language in previous Security Council resolutions supporting a return to six-party talks with the goal of denuclearizing the Korean Peninsula, expressing the Security Council's commitment "to a peaceful, diplomatic, and political solution to the situation", and reiterating the importance of maintaining peace and stability in northeast Asia.

Other reports by My Hot News

Discuss This Article