UN Security Council Tightens Curbs on N.Korean Trade

  • By Kim Deok-han

    December 01, 2016 12:31

    The 15 members of the UN Security Council unanimously adopted a new package of sanctions on North Korea on Wednesday. It took them a marathon 82 days to adopt the new resolution after the North's fifth nuclear test.

    The new measures include a cap on the North's coal exports at 7.5 million tons or US$400 million in money terms.

    Silver, copper, nickel and zinc are also now proscribed imports from North Korea, as are the monumental statues Pyongyang has been selling to various banana republics. The new curbs are expected to slash the North's annual exports by 27 percent from $3 billion to $2.2 billion.

    In the resolution, the council also expresses its concern for the North Korean people, whose welfare is being sacrificed for the regime's nuclear program.

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