The UN Security Council on Monday
unanimously imposed new sanctions on North
Korea , slapping a ban on textile exports and
restricting shipments of oil products to punish
Pyongyang for its sixth and largest nuclear test .
With backing from China and Russia , the
council adopted a US - drafted sanctions
resolution just one month after banning exports
of coal , lead and seafood in response to North
Korea ’ s launch of an intercontinental ballistic
missile .
US Ambassador Nikki Haley said the tough new
measures were a message to Pyongyang that
“ the world will never accept a nuclear - armed
North Korea , ” but she also held out the
prospect of a peaceful resolution to the crisis.
“ We are not looking for war . The North Korean
regime has not yet passed the point of no -
return , ” Haley told the council .
“ If it agrees to stop its nuclear program , it can
reclaim its future. If it proves it can live in
peace , the world will live in peace with it .
“ If North Korea continues its dangerous path ,
we will continue with further pressure . The
choice is theirs . ”
The South Korean government welcome the
resolution , calling it a “ grave warning that
( North Korea ’ s ) continued provocations will
only intensify its diplomatic isolation and
economic pressure. ”
“ North Korea must realize that
denuclearization is the only way to guarantee
its security and economic development, ” a
statement added .
During tough negotiations , the United States
dropped initial demands for a full oil embargo
and a freeze on the foreign assets of North
Korean leader Kim Jong - Un in a bid to win
support from China and Russia .
The resolution instead bans textile exports , cuts
off natural gas shipments to North Korea ,
places a ceiling on deliveries of refined oil
products and caps crude oil shipments at their
current level .
It bars countries from issuing new work
permits to North Korean laborers sent abroad
and seeks to phase out the practice by asking
countries to report on the date for ending
existing contracts .
Some 93 , 000 North Koreans work abroad ,
providing Kim ’ s regime with a source of
revenue to develop its missile and nuclear
programs , according to a US official familiar
with the negotiations .
Under the measure , countries are authorized to
inspect ships suspected of carrying banned
North Korean cargo but must first seek the
consent of the flag- state .
Joint ventures will be banned and the names of
senior North Korean official and three entities
were added to a UN sanctions blacklist that
provides for an assets freeze and a global
travel ban .
It was the eighth series of sanctions imposed on
North Korea since it first tested a nuclear
device in 2006 .
– ‘ Big mistake ’ to avoid talks –
The United States and its allies argue that
tougher sanctions will pile pressure on Kim ’ s
regime to come to the negotiation table to
discuss an end to its nuclear and missile tests .
Russia and China are pushing for talks with
North Korea , but their proposal for a freeze on
Pyongyang’ s missile and nuclear tests in
exchange for suspending US - South Korean
military drills has been rejected by the United
States .
Russian Ambassador Vassily Nebenzia told the
council it would be a “ big mistake to
underestimate this Russia - China initiative ” for
a so - called freeze - for - freeze , adding that
Moscow would “ insist on it being considered. ”
Chinese Ambassador Liu Jieyi again called for
talks “ sooner rather than later. ”
China , North Korea ’ s sole ally and main trading
partner , had strongly objected to an oil
embargo initially sought by the United States
out of fear that it would bring the North ’ s
economy to its knees .
Instead , the level of crude oil is capped to the
four million barrels it currently receives from a
Chinese pipeline, while deliveries of refined oil
products are limited to 500, 000 barrels for
three months from October 1 and to two million
barrels from January 1 for a period of 12
months .
That would amount to a 10 percent cut in oil
products , according to the US Energy
Information Administration , which estimates
annual exports to North Korea at nearly 2 . 2
million barrels .
The US official said the ban on textile exports
would deprive North Korea of some $ 726
million in annual revenue .
Washington has said military action remains
an option in dealing with Pyongyang and
threatened to cut economic ties with countries
that continue to trade with the it .
Earlier, North Korea said it would not accept
any chastisement over its nuclear and missile
program , which it says is vital to stave off the
threat of an American invasion , and threatened
to cause the US “ the greatest pain and suffering
it had ever gone through in its entire history , ”
in an official statement .
Pyongyang has staged a series of missile tests in
recent months that appeared to bring much of
the US mainland into range .
It followed up with a sixth nuclear test on
September 3, its largest to date, which it said
was a miniaturized hydrogen bomb .

http://punchng.com/un-unanimously-backs-new-sanctions-on-north-korea/

Funny country

Hope they listen

that's wrong... trying to weak a country currency and making the citizens suffer... at the end of the day UN and UNESCO would say they want to End poverty and food shortage..


all this are plans to bring about the new world order...one system of currency.

just 3 countries are not in support of World Bank.. and North Korea is among them all.

who rules the UN if not United States

Officialkplus:
that's wrong... trying to weak a country currency and making the citizens suffer... at the end of the day UN and UNESCO would say they want to End poverty and food shortage..


all this are plans to bring about the new world order...one system of currency.

just 3 countries are not in support of World Bank.. and North Korea is among them all.

who rules the UN if not United States

what the hell are you saying? What concerns North Korea nuclear programme with World Bank and one currency. Do you know that the strongest World currency is not dollar?