|
|
|
|
Search: 
Latin American Herald Tribune
Venezuela Overview
Venezuelan Embassies & Consulates Around The World
Sites/Blogs about Venezuela
Venezuelan Newspapers
Facts about Venezuela
Venezuela Tourism
Embassies in Caracas

Colombia Overview
Colombian Embassies & Consulates Around the World
Government Links
Embassies in Bogota
Media
Sites/Blogs about Colombia
Educational Institutions

Stocks

Commodities
Crude Oil
US Gasoline Prices
Natural Gas
Gold
Silver
Copper

Euro
UK Pound
Australia Dollar
Canada Dollar
Brazil Real
Mexico Peso
India Rupee

Antigua & Barbuda
Aruba
Barbados
Cayman Islands
Cuba
Curacao
Dominica

Grenada
Haiti
Jamaica
Saint Kitts and Nevis
Saint Lucia
Saint Vincent and the Grenadines

Belize
Costa Rica
El Salvador
Honduras
Nicaragua
Panama

Bahamas
Bermuda
Mexico

Argentina
Brazil
Chile
Guyana
Paraguay
Peru
Uruguay

What's New at LAHT?
Follow Us On Facebook
Follow Us On Twitter
Most Viewed on the Web
Popular on Twitter
Receive Our Daily Headlines


  HOME | Business & Economy (Click here for more)

UN Security Council Imposes New Sanctions on North Korea

UNITED NATIONS – The UN Security Council imposed on Friday new sanctions on North Korea in response to an intercontinental ballistic missile test it carried out in late November.

The 15 member countries of the Security Council unanimously approved a resolution introduced by the United States, which makes even tougher the already considerable sanctions placed on the Kim Jong-un regime.

The new sanctions seek, among other things, to block much of Pyongyang’s supply of imported petroleum products as well as the repatriation of North Koreans working abroad and whose incomes benefit the government of their home country.

According to the United States, the resolution will reduce by 89 percent the regime’s access to gasoline, diesel and other petroleum derivatives.

It also includes provisions according to which the Security Council commits to cutting even more the supply of oil to the country if there should be any more ICBM tests.

With regard to North Korean workers abroad, the resolution requires all countries to expel them within a period of two years.

According to Washington, almost 100,000 North Koreans work outside their country, mostly in China and Russia.

The US says the taxes that North Korea collects from those workers brings the regime more than $500 million a year.

The vote “sends the unambiguous message to Pyongyang that further defiance will invite further punishment and isolation,” the US ambassador to the United Nations, Nikki Haley, said as soon as the result was known.

The purpose of the sanctions, according to those promoting the measure, is to make it hard for North Korean authorities to finance its arms programs and will force it to negotiate.

The Security Council is sending “a very strong united signal to the North Korean regime that enough is enough, that they must stop their nuclear program and they must stop their intercontinental ballistic missile program,” the UK ambassador to the United Nations, Matthew Rycroft, told reporters.

The sanctions imposed Friday came in response to the trial carried out late last November by North Korea, when it tested its most technologically advanced intercontinental ballistic missile

According to Pyongyang and numerous experts, the projectile would be capable of reaching United States territory.

 

Enter your email address to subscribe to free headlines (and great cartoons so every email has a happy ending!) from the Latin American Herald Tribune:

 

Copyright Latin American Herald Tribune - 2005-2018 © All rights reserved