UN further tightens N. Korea sanctions

  01 December 2016    Read: 1072
UN further tightens N. Korea sanctions
The UN Security Council voted Wednesday to further tighten sanctions on North Korea in response to their fifth and largest nuclear test yet.
The council unanimously approved the sanctions resolution following months of diplomatic wrangling over how best to respond to North Korea’s latest nuclear test in September.

The new sanctions target North Korea’s hard currency revenues by placing a cap on coal exports, cutting them by at least 62 percent.

Diplomats said the new sanctions further clarify that the “livelihood” exemption, which allowed the Chinese imports, is meant only to protect the livelihoods of those currently living inside North Korea, not Chinese people or companies doing business with the country.

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