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Monday, September 11, 2017

United Nations Security Council (UNSC)unanimously votes for new sanctions against North Korea after sixth nuclear test

The United Nations Security Council has implemented sanctions against North Korea after the country¿s sixth and most powerful nuclear test

The United Nations Security Council (UNSC)has implemented sanctions against North Korea after the country's sixth and most powerful nuclear test.

Imports of crude oil have been capped - although the council stopped short of a total ban - and textile exports have been banned in the latest move against the state.

It was the ninth sanctions resolution over North Korea's ballistic missile and nuclear programs adopted by the 15-member council since 2006. 

China and Russia supported the move after the United States watered down their original tougher draft resolution. 

North Korea rakes in £570 million a year from its textile exports, according to the Korea Trade-Investment Promotion Agency.

The industry was the country's second-biggest export after coal and other minerals in 2016.

The country will only be able to import two million barrels of refined petroleum products each year and crude oil exports will be capped at current levels. 

The resolution also banned natural gas liquids and condensates. 


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