The UN Security Council has unanimously imposed new sanctions on North Korea following its latest intercontinental ballistic missile test.
Analysts say that the move could have a significant impact on the isolated country's struggling economy.
The resolution seeks to ban nearly 90% of refined petroleum product exports to North Korea by capping them at 500,000 barrels a year and demands the repatriation of North Koreans working abroad within 12 months.
The US-drafted resolution would also cap crude oil supplies to North Korea at four million barrels a year. The United States has been calling on China to limit its oil supply to its neighbour and ally.
The resolution passed by a vote of 15 to 0, said Japan's ambassador to the UN. Japan holds the presidency of the Security Council this month.
[rte.ie]
22/12/17
Analysts say that the move could have a significant impact on the isolated country's struggling economy.
The resolution seeks to ban nearly 90% of refined petroleum product exports to North Korea by capping them at 500,000 barrels a year and demands the repatriation of North Koreans working abroad within 12 months.
The US-drafted resolution would also cap crude oil supplies to North Korea at four million barrels a year. The United States has been calling on China to limit its oil supply to its neighbour and ally.
The resolution passed by a vote of 15 to 0, said Japan's ambassador to the UN. Japan holds the presidency of the Security Council this month.
[rte.ie]
22/12/17
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