The United Nations Security Council on 30 November 2016 voted to tighten sanctions on North Korea in response to the country’s fifth and largest nuclear test.
●    The council unanimously approved the sanctions resolution following months of diplomatic arguments over how best to respond to North Korea’s latest nuclear test in September 2016.
●    The Democratic People’s Republic of Korea has been under UN sanctions since 2006 over its nuclear and ballistic missile tests.
●    The new sanctions target North Korea’s hard currency revenues by placing a cap on coal exports, cutting them by at least 62 per cent.
●    In total, the sanction will cut down at least USD 800 million per year the hard currency that the country has to fund its prohibited weapons programs. The prohibited weapons programmes constitute a full 25 percent of North Korea’s entire export revenues.
●    The sanctions would also put a ban on the country’s exports of non-ferrous metals and sanction 11 government officials as well as 10 entities linked to the country’s nuclear weapons program.
●    They also include an array of other measures cracking down on North Korea’s access to the international banking system and on its export of statues.


 

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