• Home
  • News
  • Coins2Day 500
  • Tech
  • Finance
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
North Korea

The U.N. Has Slammed North Korea With Harsh New Sanctions

By
Reuters
Reuters
Down Arrow Button Icon
By
Reuters
Reuters
Down Arrow Button Icon
March 2, 2016, 12:03 PM ET
PYONGYANG, NORTH KOREA - OCTOBER 10: (CHINA OUT) North Korea's leader Kim Jong-Un waves from a balcony towards participants of a mass military parade at Kim Il-Sung square to mark the 70th anniversary of its ruling Worker's Party of Korea on October 10, 2015 in Pyongyang, North Korea.  (Photo by ChinaFotoPress/ChinaFotoPress via Getty Images)
Photograph by ChinaFotoPress—Getty Images

The United Nations Security Council on Wednesday unanimously adopted a resolution that dramatically expands existing U.N. Sanctions on North Korea in response to its Jan. 6 nuclear test, a measure largely negotiated by Washington and Beijing.

U.S. Ambassador Samantha Power said the new sanctions on Pyongyang go further than any U.N. Sanctions regime in two decades and are aimed at cutting off funds for its nuclear and other banned weapons programs.

Under the sanctions, all cargo going to and from North Korea must be inspected and North Korean trade representatives in Syria, Iran and Vietnam are among 16 individuals added to a U.N. Blacklist, along with 12 North Korean entities.

Previously states only had to inspect North Korean cargo shipments if they had reasonable grounds to believe they contained illicit goods.

“Virtually all of the DPRK’s [North Korea] resources are channeled into its reckless and relentless pursuit of weapons of mass destruction,” Power told the council after the vote, adding that the cargo inspection provisions are “hugely significant.”

After nearly two months of bilateral negotiations that at one point involved U.S. President Barack Obama and his Chinese counterpart, Xi Jinping, China agreed to support the unusually tough measures intended to persuade its close ally North Korea to abandon its atomic weapons program.

North Korea has been under U.N. Sanctions since 2006 because of its four nuclear tests and multiple rocket launches.

The sanctions came in response to its recent nuclear test and Feb. 7 rocket launch that Washington and its allies said used banned ballistic missile technology. Pyongyang said it was a peaceful satellite launch.

The list of explicitly banned luxury goods has been expanded to include luxury watches, aquatic recreational vehicles, snowmobiles worth more than $2,000, lead crystal items and recreational sports equipment.

The official North Korean news agency KCNA said on Monday the proposed sanctions were “a wanton infringement on [North Korea’s] sovereignty and grave challenge to it.”

The proposal closes a gap in the U.N. Arms embargo on Pyongyang by banning all weapons imports and exports.

There is also an unprecedented ban on the transfer to North Korea of any item that could directly contribute to the operational capabilities of its armed forces, such as trucks that could be modified for military purposes.

About the Author
By Reuters
See full bioRight Arrow Button Icon
Rankings
  • 100 Best Companies
  • Coins2Day 500
  • Global 500
  • Coins2Day 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Coins2Day Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Coins2Day Brand Studio
  • Coins2Day Analytics
  • Coins2Day Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Coins2Day
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map

© 2025 Coins2Day Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Coins2Day Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.