UN imposes new sanctions on North Korea

The U.N. Security Council unanimously approved tough new sanctions Saturday to punish North Korea for its escalating nuclear and missile programs including a ban on coal and other exports worth over $1 billion - a huge bite in its total exports, valued at $3 billion last year.


The Council reaffirmed previous Council decisions that North Korea not conduct further launches using ballistic missile technology, nuclear tests, or any other provocation.

The Council moved to significantly strengthen the sanctions on North Korea, imposing a full ban on the export of coal, iron and iron ore from the country. Previously these items could be exported for livelihood purposes, for a limited amount.

The Council also prohibited countries from increasing the total number of work authorizations for North Korean nationals. It banned new joint ventures or cooperative entities with North Korean entities or individuals as well as additional investments in existing joint ventures.

Member States are requested to report to the Security Council, within 90 days of the adoption of this resolution, on concrete measures they have taken to effectively implement this resolution.


The Council also designated several additional individuals for a travel ban and assets freeze, as well as designating entities for an assets freeze.

On the political front, the Council calls for resumption of the Six-Party Talks and reiterated its support for the commitments set forth in the Joint Statement of 19 September 2005 issued by China, North Korea, Japan, the Republic of Korea, the Russian Federation, and the United States.

The commitments included that the goal of the Six-Party Talks is the verifiable denuclearization of the Korean Peninsula in a peaceful manner, and that the United States and North Korea respect each other's sovereignty and exist together peacefully.

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