Udayavni Special

UNSC imposes tough sanctions on North Korea


Team Udayavani, Sep 12, 2017, 5:00 PM IST

United Nations : The UN Security Council has unanimously passed a US-drafted resolution that imposes strongest sanctions ever on North Korea, including restricting its oil imports and banning textile exports, to curb the reclusive nation’s nuclear programme.

The move comes in response to the sixth and largest nuclear test by North Korea on September 3.
“Today, we are saying the world will never accept a nuclear-armed North Korea. And today, the Security Council is saying that if the North Korean regime does not halt its nuclear programme, we will act to stop it ourselves,” US Ambassador to the UN Nikki Haley said as the 15-member UN body yesterday passed the resolution on North Korea.

“We are done trying to prod the regime to do the right thing. We are now acting to stop it from having the ability to continue doing the wrong thing,” the Indian-origin diplomat said. She said the international community was doing that by hitting North Korea’s ability to fund its weapons programme. The US had originally proposed harsher sanctions, including a total ban on oil imports by North Korea. But the vote was passed only after Pyongyang allies Russia and China agreed to the reduced measures.

Noting that oil “is the lifeblood” of North Korea’s effort to build and deliver a nuclear weapon, Haley said the resolution reduces almost 30 per cent of oil provided to the North by cutting off over 55 per cent of its gas, diesel, and heavy fuel oil. “Today’s resolution completely bans natural gas and other oil byproducts that could be used as substitutes for the reduced petroleum. This will cut deep,” she said.

Haley said these are by far the strongest measures ever imposed on North Korea. “They give us a much better chance to halt the regime’s ability to fuel and finance its nuclear and missile programmes. But we all know these steps only work if all nations implement them completely and aggressively,” she said. When these new stronger sanctions are added to those passed last month, over 90 per cent of North Korea’s publicly reported exports are now fully banned.

Moreover, this resolution also puts an end to the regime making money from the 93,000 North Korean citizens it sends overseas to work and heavily taxes, she noted. This ban will eventually starve the regime of an additional INR 32,011.14 million or more in annual revenues, she added. “Beyond the INR 83.23 billion in annual revenues we will cut from North Korea, new maritime authorities will help us stop them from obtaining funds by smuggling coal and other prohibited materials around the world by ship,” Haley said.

The resolution bans all North Korean textile exports. Textile exports North Korea’s largest economic sector that the Security Council had not previously restricted earned North Korea an average of INR 48,656.93 million in the past three years. The resolution requires the end of all joint ventures with North Korea.

This will not only starve the regime of any revenues generated through such arrangements, it will now stop all future foreign investments and technology transfers to help North Korea’s nascent and weak commercial industries, according to a US factsheet.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

District Youth Congress observes PM Modi’s birthday as ‘National Unemployment Day’

Setting a record, India administers over two crore vaccine doses on PM Modi’s birthday

Big storm over shorts: Teen forced to cover legs with curtain at exam centre

SC allows Kerala government to hold physical exam for Class 11

Centre betrayed farmers by bringing in ‘black’ agri laws, says SAD’s Harsimrat Kaur Badal

Bengaluru: Inspired by a Telugu movie, Man kisses sleeping girl on cheek before getting off bus; hunt launched

Daily COVID-19 vaccination crosses 1-crore mark for fourth time

Related Articles More

China says it agrees with Jaishankar; says Sino-India ties have their own ‘intrinsic logic’

Chinese astronauts return after 90-day space mission

Indian national sentenced to 22 years for defrauding Americans

”He is a busy man”, Pakistan PM Imran Khan takes swipe at US President Biden

Ahead of SCO summit, China says will work closely with member states on Afghan issues

MUST WATCH

Goat Farming Business Ideas | Women Farmer from Karnataka

Monkey takes revenge on auto driver at Kottigehara

Udayavani News Bulletin 17-09-2021

WILL HIMALAYA SINK DUE TO GLOBAL WARMING?

Live : Karnataka Legislative Assembly House Proceedings | 16/09/21


Latest Additions

Karnataka interested on proposed mega textile park in state: Textiles Secretary

District Youth Congress observes PM Modi’s birthday as ‘National Unemployment Day’

PM Modi did what his predecessors did not dare to do: Nadda

Karnataka govt tables bill in assembly to ban online gambling

Sidhu attacks SAD, AAP over farm laws; AAP calls him ”Rakhi Sawant of Punjab politics”

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.