EU expands economic sanctions against North Korea


The European Board extended its approvals against North Korea after latest rocket tests by the Pyongyang administration. 

"The EU chose to extend the denial on interests in the DPRK [North Korea] to new parts, in particular the ordinary arms-related industry, metallurgy and metalworking and aviation," a board explanation read. 

It additionally concurred "to restrict the arrangement of specific administrations to people or substances in the DPRK, to be specific PC administrations and administrations connected to mining and assembling in the compound, mining and refining industry". 

The measures expand on a progression of assents actualized by the EU in February this year. 

North Korea has been blamed for abusing UN Security Committee resolutions and of making a "grave danger to universal peace and security in the locale and past".



Four people were also added to a list of persons targeted by the EU measures "for being responsible for supporting or promoting the DPRK's nuclear-related, ballistic missile-related or other weapons of mass destruction-related programmes".
This brings the total number of people subject to travel restrictions and asset freezes to 41, according to the European Council.
North Korea’s missile and nuclear weapons program accelerated in 2016, when it exploded two underground nuclear bombs and also launched 21 missiles.
It has kept up the pace in the first three months of 2017.
Pyongyang’s missile program is likely to dominate this week’s summit meeting between U.S. President Donald Trump and China’s President Xi Jinping.
Unlike South Korea, the North operates under heavy global sanctions as the UN Security Council has been working for years to stop Pyongyang's development of weapons of mass destruction.

Post a comment

0 Comments