UN Security Council unanimously adopts new sanctions on N. Korea
07 August, 2017, 00:54 | Author: Lorraine Moran
The U.N. Security Council has unanimously approved new sanctions on North Korea including banning exports worth over $1 billion.
It was important for all parties to have dialogue to de-escalate the issue, and it was also incumbent on China to ensure that the sanctions on North Korea were fully implemented, said Susan Thornton, acting Assistant Secretary of State East Asian and Pacific Affairs.
North Korea earns approximately $3 billion per year from its exports.
"This resolution is the single largest economic sanctions package ever leveled against the North Korean regime", she said.
North Korea carried out two tests of intercontinental ballistic missiles last month, claiming the entire USA mainland is within its striking range.
The measure was drafted by the USA and negotiated with South Korea and China.
Tillerson also said the USA wants to talk eventually with North Korea, but doesn't think discussions would be productive if the North comes with the intention of maintaining its nuclear weapons.
Haley praised the unanimous vote on the resolution, saying that the United Nations "spoke with one voice".
According to Wang, there are two major components of the resolution - one is to make a necessary response to North Korea's constant missile launch activities, which have violated UN resolutions, in a bid to check the Communist nation's nuclear and missile development programmes.
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"What we have to do is everything we can to pressure this regime, to pressure Kim Jong-un and those around him such that they conclude, it is in their interest to denuclearize", he said.
The resolution would ban Pyongyang's exports of coal, iron, iron ore, lead, lead ore and seafood.
The United States is preparing for a "preventive war" with North Korea among many options to deal with its missile and nuclear threats, President Trump's top security adviser has said.
The council diplomat, who was not authorized to speak publicly and insisted on anonymity, called the newly sanctioned Foreign Trade Bank "a very critical clearing house for foreign exchange".
While the draft resolution would impose biting economic sanctions, the USA didn't get everything it wanted.
Russian Federation and China have advocated a freeze-for-freeze approach, whereby the USA and South Korea would halt their military exercises and North Korea would do the same.
The resolution asks the Security Council committee monitoring sanctions against North Korea to ban the import of many more so-called dual-use items, which have commercial purposes but can also be used in conventional, biological, chemical or nuclear weapons.
Oil was not included in the draft resolution and neither are new air restrictions.
It also gives the committee a green light to designate specific vessels that are breaking sanctions from entering ports all over the world and to work with Interpol to enforce travel bans on North Koreans on the sanctions blacklist.
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