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UN Security Council imposes new sanctions on North Korea

UN Security Council imposes new sanctions on North KoreaThe UN Security Council has voted unanimously to impose new sanctions on North Korea including banning $1 billion in exports.

This is reported by The Independent

The new United States-drafted resolution is aimed at countering the threat posed by Pyongyang's nuclear program following two intercontinental ballistic missile tests in July.

“The North Korean threat ... is rapidly growing more dangerous,” US Ambassador to the United Nations Nikki Haley said after the vote, adding that “further action is required.”

The new resolution bans North Korean exports of coal, iron, iron ore, lead, lead ore and seafood. It also prohibits countries from increasing the current numbers of North Korean laborers working abroad, bans new joint ventures with North Korea and any new investment in current joint ventures.

The unanimously adopted resolution adds nine individuals and four entities to the U.N. blacklist, including North Korea's primary foreign exchange bank, subjecting them to a global asset freeze and travel ban.
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