UN Security Council backed strengthen sanctions on North Korea over missile launches

In this photo provided by the United Nations, members of the United Nations Security council vote at the United Nations headquarters on Friday, Dec. 23, 2016, in favor of condemning Israel for its practice of establishing settlements in the West Bank and east Jerusalem. In a striking rupture with past practice, the U.S. allowed the vote, not exercising its veto. (Manuel Elias/The United Nations via AP)

Vastavam web: The UN Security Council unanimously backed a US-drafted resolution to strengthen sanctions on North Korean exports in response to Pyongyang’s intercontinental ballistic missile tests. The 15-member body yesterday strongly condemned North Korea s ballistic missile launches on July 3 and 28 which the country has stated were of “intercontinental” range.The US-drafted resolution includes the strongest sanctions ever imposed in response to a North Korean ballistic missile test and targets its main exports, slashing their annual revenue by USD 1 billion.

“The United States is taking and will continue to take prudent defensive measures to protect ourselves and our allies. Our annual joint military exercises, for instance, are transparent, and defense-oriented. They have been carried out regularly and openly for nearly 40 years. They will continue. “Our goal remains a stable Korean peninsula, at peace, without nuclear weapons. We want only security and prosperity for all nations including North Korea. Until then, this resolution and prior ones will be implemented to the fullest to maximize pressure on North Korea to change its ways,” she said.The UNSC moved to significantly strengthen the sanctions on North Korea, imposing a full ban on the export of coal, iron and iron ore from the country. Previously these items could be exported for livelihood purposes, for a limited amount.

The Council also prohibited countries from increasing the total number of work authorisations for North Korean nationals. It banned new joint ventures or cooperative entities with North Korean entities or individuals as well as additional investments in existing joint ventures.The Council also designated several additional individuals for a travel ban and assets freeze, as well as designating entities for an assets freeze. On the political front, the Council calls for resumption of the Six-Party Talks and reiterated its support for the commitments set forth in the Joint Statement of September 2005 issued by China, North Korea, Japan, south Korea, Russia and the United States