Thursday, 22 February 2018

United Nations bans key North Korea exports over missile tests

UNITED NATIONS (Reuters) – The United Nations Security Council unanimously imposed new sanctions on North Korea on Saturday that could slash by a third North Korea’s $3 billion annual export revenue over its two intercontinental ballistic missile tests in July.

The U.S.-drafted 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.

“We should not fool ourselves into thinking we have solved the problem. Not even close. The North Korean threat has not left us, it is rapidly growing more dangerous,” U.S. Ambassador to the United Nations Nikki Haley told the council.

“Further action is required. The United States is taking and will continue to take prudent defensive measures to protect ourselves and our allies,” she said. Washington would continue annual joint military exercises with South Korea, Haley said.

North Korea has accused the United States and South Korea of escalating tensions by conducting military drills.

Intercontinental ballistic missile (ICBM) Hwasong-14 is pictured during its second test-fire in this undated picture provided by KCNA in Pyongyang on July 29, 2017. KCNA via Reuters

China and Russia slammed U.S. deployment of the THAAD anti-missile defense system in South Korea. China’s U.N. Ambassador Liu Jieyi called for a halt to the deployment and for any equipment in place to be dismantled.

Liu also urged North Korea to “cease taking actions that might further escalate tensions.”

U.S. President Donald Trump hailed the vote in a Twitter message on Saturday evening.

“The United Nations Security Council just voted 15-0 to sanction North Korea. China and Russia voted with us. Very big financial impact!” Trump wrote.

Trump “appreciates China’s and Russia’s cooperation in securing passage” of the resolution, the White House said in a later statement. The U.S. president “will continue to work with allies and partners to increase diplomatic and economic pressure on North Korea to ends its threatening and destabilizing behavior,” it said.

Adam Rizvi has a unique talent for publishing to marketing to managing projects, writers & assigning the task to correspondents. Edits an e-paper & cover the news. An activist, spend time with family & friends. His adorable daughters, Alizah & Anum are his lifeline. He spends his time by reading, swimming, hiking, cycling and watching with them their favorite TV shows, & fixing the Big Old House where he lives. Studied literature & management.Volunteer for non-profits. President of a Travel Agency. Publisher. Circulated the newspapers. Acted & Assisted in directing & production of the award-winning film & TV Serial. Scripted a little. Modelled. Emceed the live shows & judged competitions. A caring sibling and was an obedient son of his late doting parents whom he misses dearly.Adam uses his various positions & experiences in building the strong relationship with all. Appreciates his articles being read, commented, liked and shared. He can be reached at his personal email: mediaiss@gmail.com.

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