Published: Mon, August 07, 2017
Health Care | By Oscar Goodwin

UNSC adopts tougher sanctions on N Korea over missile launches

UNSC adopts tougher sanctions on N Korea over missile launches

The resolution's adoption follows North Korea's first successful tests of intercontinental ballistic missiles capable of reaching the United States on July 3 and July 27.

China, as a permanent member of the UN Security Council, upheld an impartial and objective position and played a responsible and constructive role in the process of the adoption of the resolution, he said.

US President Donald Trump has commended the UN Security Council for adopting new sanctions on North Korea, calling it the single largest economic sanctions package issued against the reclusive nation that is expected to cost Pyongyang USD 1 billion.

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 September 2005 issued by China, North Korea, Japan, south Korea, Russia and the United States. And it prohibits all new joint ventures with North Korean companies and bans new foreign investment in existing ones.

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Tillerson's reluctance to sit down with his North Korean counterpart is despite his growing push for Pyongyang to return to the negotiating table with the U.S. Tillerson said this week that such talks would have to be predicated on the North giving up its nuclear weapons aspirations and that the conditions for such talks haven't yet been met by North Korea's government.

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

The 15-member body on Saturday strongly condemned North Korea s ballistic missile launches on July 3 and 28 which the country has stated were of "intercontinental" range.

Banning these exports will prevent Pyongyang from earning over $1 billion per year of hard currency that would be redirected to its illicit programs, according to the resolution.

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The US-drafted resolution includes the strongest sanctions ever imposed in response to a North Korean ballistic missile test and targets its main exports, slashing their annual revenue by Dollars 1 billion.

Resolution 2371 (2017), drafted by the United States, bans the DRPK's exports of coal (the DPRK's largest source of external revenue), iron, iron ore, lead, lead ore and seafood.

It adds nine North Koreans, mainly officials or representatives of companies and banks, to the United Nations sanctions blacklist, banning their travel and freezing their assets.

Pyongyang said in a statement carried by its official Korea Central News Agency that the United Nations sanctions were a "violent violation of our sovereignty". A source speaking to the agency claimed Russian Federation and China might support the US -drafted resolution.

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