February 24 2018

New UN resolution seeks to restrict oil exports to N. Korea

February 24 2018, 05:49 | Van Peters

Kim Jong Un hosts celebration for his nuclear scientists

Vladimir Putin warns world faces 'global catastrophe' over North Korea

"Everyone says North Korea is very poor, so I want to go there and take a look myself at how poor they actually are", said a 74-year-old tourist who only gave his surname, Zhu.

North Korea is suspected of intensifying cyber-attacks to steal virtual currency in order to obtain funds and avert tightening sanctions, according to security experts.

For several months, Russian Federation and China have been proposing a "freeze for freeze" option whereby the United States and South Korea would curtail military exercises in exchange for North Korea freezing its missile and nuclear tests.

The envoy was speaking at the UN's disarmament conference, Reuters and Sky are reporting. "The US should continue to use US sanctions against China and Russian Federation to ensure implementation", Ruggiero told CNN.

"The choice is theirs", she added.

North Korea's top envoy to a leading United Nations disarmament body said Tuesday his country "categorically" rejects the new sanctions.

The lawmaker also expressed skepticism that going after North Korea's oil imports will solve the problem.

Joint ventures will be banned and the names of senior North Korean official and three entities were added to a United Nations sanctions blacklist that provides for an assets freeze and a global travel ban.

"But those sanctions are nothing compared to what ultimately will have to happen", he said without elaborating.

The country's foreign ministry issued a new, vague threat against the USA should new sanctions be approved by the U.N. Security Council.

Thornton added that "we're certainly looking at every option to put pressure on China". "The North Korean regime has not yet passed the point of no-return", Haley told the council. In Beijing, however, leaders think the opposite, according to South China Morning Post's article China thinks the U.S. holds the key to resolving North Korea crisis. "The choice is theirs".

China's UN Ambassador Liu Jieyi called on North Korea to "take seriously the expectations and will of the global community" that it halt its nuclear and ballistic missile development, and called on all parties to remain "cool-headed" and not stoke tensions.

The measures were approved unanimously on Monday.

On August 5, the USA drafted a UN resolution that embargoed all imports of North Korean coal, iron, lead and seafood and required nations to cap employment of DPRK workers.

There are no exemptions for importing silver, copper, zinc, nickel and gold from the DPRK. North Korean textile exports in 2016 totaled $752.5 million, accounting for about one-fourth of its total $3 billion in merchandise exports, according to South Korean government figures. This year alone, it has conducted 16 missile tests, including two intercontinental ballistic missiles, which could reach the US.

Countries that have provided work permits for the North Koreans are asked to report to the United Nations the number of guest workers they have employed and the date for ending those contracts.

North Korea said its September 3 test was of an advanced hydrogen bomb and was its most powerful by far.

Moon Jae-in and Putin signed a host of deals to boost bilateral cooperation in the areas of joint financial and investment platforms, healthcare and IT. Putin also reiterated Russia's readiness to develop trilateral projects in the Far East with both North and South Korea, which would open the country up economically and politically.

In the northeastern China city of Dandong, Liaoning Province, which borders North Korea over the Yalu River, seafood products from the reclusive country continue to be sold despite a U.N. Security Council sanctions resolution against Pyongyang that was adopted in early August.

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