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EU added to sanctions against North Korea

EU added to sanctions against North KoreaThe European Union is boosting its sanctions against North Korea in line with a U.N. Security Council Resolution following another nuclear test in September last year, Associated press reported on Monday.

The EU member states said in a statement Monday they will restrict trade in coal and iron and ban imports of several other metals. The EU also imposed a ban on helicopter and ship exports and tighten restrictions in the financial services after the UN decision of November.

The EU first imposed sanctions on North Korea in late 2006. They target its nuclear, weapons of mass destruction and missile programs.

Measures include bans on the trade of arms, goods and technology that could contribute to the programs.

Meanwhile, on Saturday media cited UN's report that North Korea is evading international sanctions with a sophisticated network of overseas companies, enabled partly by its continued access to the international banking system, says a forthcoming United Nations report seen by Reuters.

The UN panel of experts, which produced the 100-page draft report, was created to investigate reported infringements of those sanctions.

“Designated entities and banks have continued to operate in the sanctioned environment by using agents who are highly experienced and well trained in moving money, people and goods, including arms and related materiel, across borders,” the report says.
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