United Nations approves new North Korea sanctions over missile tests

  • United Nations approves new North Korea sanctions over missile tests

United Nations approves new North Korea sanctions over missile tests

Other countries will also be barred from increasing the "total number of work authorizations", and banned from creating "new joint ventures" with North Korean businesses or people.

With 15 votes in favor, Resolution 2371 was passed unanimously.

This comes after Pyongyang's first successful tests of intercontinental ballistic missiles capable of reaching the USA mainland.

The deployment of the THAAD missile defense system in South Korea will not bring a solution to the issue of the DPRK's nuclear testing and missile launching, said the ambassador.

Representatives from Southeast Asian countries plan to discuss at the summit what other action to take in response to North Korea's recent missile tests.

"To have China stand with us, along with Japan and (South Korea) and the rest of the worldwide community telling North Korea to do this, it's pretty impactful", Haley said.

Tillerson also said the United States wants to talk eventually with North Korea but thinks discussions would not be productive if the Pyongyang comes with the intention of maintaining its nuclear weapons.

North Korea has repeatedly said it will never give up its nuclear arsenal, which it sees as a guarantee of its security.

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.

Many experts doubt the North has mastered the technology to mount a nuclear weapon on a missile capable of reaching the U.S. But they also recognize the faster than expected pace of development of its nuclear and missile programs.

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

U.S. Ambassador to the U.N. Nikki Haley said the new sanctions increased the penalty for North Korea's ballistic missile activity to a whole new level.

Neither oil nor new air restrictions are included in the resolution. They include a ban on all exports of coal, iron, iron ore, lead, lead ore and seafood. This represents one-third of its total exports a year ago, estimated at $3 billion. In the previous resolutions against Pyongyang adopted a year ago, the council set export caps on coal, the country's main trade item.

The intensified sanctions could cut roughly USD1 billion from the country's USD3 billion in annual export revenue, Haley said in a statement.

"The North Korean threat has not left us".

In addition, the sanctions place nine individuals and four entities on the United Nations blacklist, including a global asset freeze and travel ban on North Korea's primary foreign exchange bank. It would also impose an asset freeze on two companies and two banks.