UN Security Council approves new sanctions against North Korea

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UN Security Council approves new sanctions against North Korea

China's support for sweeping sanctions on North Korea under a new United Nations Security Council resolution show Beijing recognizes the gravity of the threat of Pyongyang's nuclear program and missile tests, a top USA official said on Sunday, Reuters reports.

"This resolution is the single largest economic sanctions package ever leveled against the North Korean regime", said Nikki Haley, the US ambassador to the United Nations. Today you're going to see the action.

The United States is preparing for a "preventive war" with North Korea among many options to deal with its missile and nuclear threats, President Trump's top security adviser has said.

The UN Security Council resolution was adopted in response to the DPRK's ballistic missile launches on July 3 and 28, which the country has claimed were of "intercontinental" range.

The sanctions, which target North Korea's foreign currency earnings, ban its exports of coal, coal, iron, iron ore, lead, lead ore and seafood.

In addition to the effect the sanctions will have on its exports, ABC News reported the new measure targets other revenue sources by barring countries from entering joint ventures with North Korea.

The sanctions provided in Resolution 2371 aim to slash North Korea's annual export revenue of US$3 billion by a third.

The resolution represents "the strongest sanctions ever imposed in response to a ballistic missile test", the statement said.

"To have China stand with us, along with Japan and South Korea and the rest of the global community telling North Korea to do this, it's pretty impactful".

"These sanctions will cut deep, and in doing so will give the North Korean leadership a taste of the deprivations they have chosen to inflict on the North Korean people", Haley said.

The goal is to halt North Korea's aggressive pursuit of nuclear weapons and missiles capable of striking the USA and elsewhere, a mission given added urgency after two intercontinental ballistic missile tests occurred in July.

In addition, the sanctions place nine individuals and four entities on the United Nations blacklist, including a global asset freeze and travel ban on North Korea's primary foreign exchange bank.

The resolution would ban Pyongyang's exports of coal, iron, iron ore, lead, lead ore and seafood.

The Mansudae Overseas Project Group of Companies, which was also added to the blacklist, is described in the resolution as engaged in exporting workers for construction, including of monuments, in Africa and Southeast Asia.

Though the economic sanctions have teeth, Washington didn't get everything it wanted.

President Trump has used different strategies, from charm to Twitter criticism, to urge China to put more pressure on North Korea over its nuclear program.

Oil was not included in the draft resolution and neither are new air restrictions.

In early July, Haley told the Security Council that if it was united, the global community could cut off major sources of hard currency to North Korea, restrict oil to its military and weapons programs, increase air and maritime restrictions and hold senior officials accountable.

China has always insisted on realizing the denuclearization of the Korean Peninsula, upholding peace and stability there and seeking a solution through dialogue and consultation.

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