UNSC approves new sanction package on N.Korea

Remigio Civitarese
Marzo 31, 2018

The sanctions were approved as the United States moves to open talks with North Korea on its nuclear drive, with a summit possible between President Donald Trump and Kim Jong Un by the end of May.

A designation by the United Nations requires, for example, member states to deny port entry to ships on the sanctions list, or deny entry to individuals on the list.

Thirteen of the ships are North Korean oil tankers and cargo vessels, which are now banned from ports worldwide.

The assets of the 21 shipping companies, which include businesses based in the Marshall Islands, Singapore, Panama and Samoa, must now be frozen.

U.S. Ambassador to the United Nations Nikki Haley said the U.N. sanctions designations - the largest agreed by the council's committee - were aimed at shutting down North Korea's illegal smuggling activities to obtain oil and sell coal.

This is the UN's largest ever package of designated penalties against Pyongyang.

The move comes days after Kim met Chinese President Xi Jinping and an announcement that the North Korean leader would meet South Korean President Moon Jae-in on April 27. Two other North Korean ships were slapped with a global assets freeze. The White House has stressed, however, that any meeting between Trump and Kim would be conditioned on "concrete actions" by Pyongyang.

"Trump's ambassador to the United Nations, Nikki Haley, on Friday welcomed the "historic" sanctions package", calling it "a clear sign that the global community is united in our efforts to keep up maximum pressure on the North Korean regime".

A businessman identified as Tsang Yung Yuan was hit by a global travel ban and assets freeze for organizing illegal shipments of North Korean coal with a North Korean broker in Russian Federation, noted AFP.

21 shipping and trading firms were hit by an assets freeze.

The reclusive nation has been subjected to numerous rounds of global sanctions since 2006, which has cut off most of its exports and capped its imports of oil.

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