UN imposes tough new sanctions on North Korea
UNITED NATIONS - The UN Security Council unanimously approved tough new sanctions on North Korea on Saturday including a ban on exports worth over $1 billion—a huge bite in its total exports, valued at $3 billion last year.
The resolution also bans countries from giving any additional permits to North Korean laborers—another source of money for Kim Jong Un's regime. And it prohibits all new joint ventures with North Korean companies and bans new foreign investment in existing ones.
The US-drafted measure, negotiated with North Korea's neighbor and ally China, is aimed at increasing economic pressure on Pyongyang to return to negotiations on its nuclear and missile programs.
