Executive Briefings

Tougher Sanctions Enacted Against North Korea

The United Nations Security Council unanimously agreed to impose tighter sanctions on North Korea this week, imposing limits on oil exports, banning the country's textile imports and access to gas liquids, and more closely inspecting cargo ships going in and out of its ports.

In the approved text, the 15-member Council seeks to cap refined petroleum products up to 500,000 barrels beginning in October, and up to two million barrels per year starting in January for a period of one year.

The Council gives countries the right to inspect ships with the consent of the countries where the ships are registered, “if they have information that provides reasonable grounds to believe that the cargo of such vessels contains items the supply, sale, transfer or export of which is prohibited.”

In addition, the resolution takes action against North Korean nationals who work outside of the country and who could be generating foreign export earnings that North Korea uses to support its prohibited nuclear and ballistic missile programs. The resolution prohibits U.N. member states from providing work authorizations for North Korean nationals unless is required for the delivery of humanitarian assistance or denuclearization.

The resolution follows the condemnation by the Council of the nuclear test carried out by North Korea on September 3 and its violation of eight resolutions dating back to 2006 which it says could have large-scale regional security implications.

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In the approved text, the 15-member Council seeks to cap refined petroleum products up to 500,000 barrels beginning in October, and up to two million barrels per year starting in January for a period of one year.

The Council gives countries the right to inspect ships with the consent of the countries where the ships are registered, “if they have information that provides reasonable grounds to believe that the cargo of such vessels contains items the supply, sale, transfer or export of which is prohibited.”

In addition, the resolution takes action against North Korean nationals who work outside of the country and who could be generating foreign export earnings that North Korea uses to support its prohibited nuclear and ballistic missile programs. The resolution prohibits U.N. member states from providing work authorizations for North Korean nationals unless is required for the delivery of humanitarian assistance or denuclearization.

The resolution follows the condemnation by the Council of the nuclear test carried out by North Korea on September 3 and its violation of eight resolutions dating back to 2006 which it says could have large-scale regional security implications.

Read Full Article