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UN imposes tough economic sanctions on North Korea over continued missile tests

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UN imposes tough economic sanctions on North Korea over continued missile tests

A ban on nearly 90 percent of refined petroleum exports to North Korea has been imposed by the United Nations- a decision imposed on Pyongyang to stop it from furthering its nuclear programme.

The sanction seeks to cap petroleum exports to North Korea at 500,000 barrels a year and also demand the repatriation of North Koreans working abroad within 12 months.

Read also: JERUSALEM: OIC members reject Trump’s decision as Palestinian leader says it “is a crime”

The decision to impose fresh sanctions on North Korea came to light after the UN Security Council voted unanimously to the restrictions proposed by the US to penalise the pariah nation.

According to Al Jazeera’s Mike Hanna, reporting from the UN, the move was a “significant ramping up” of sanctions against North Korea.

“The idea is to squeeze North Korea as tightly as possible to reduce its income, reduce its revenues, and in that way hopefully drive it to the negotiating table and also for it to stop its missile development process,” he said.

Recall that the US warned North Korea after it test-fired its most advanced missile, putting the U.S. mainland within range, that North Korea’s leadership would be “utterly destroyed” if war were to break out.

 

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