07 August, 2017
China's support for sweeping sanctions on North Korea under a new United Nations Security Council resolution show Beijing recognizes the gravity of the threat of Pyongyang's nuclear program and missile tests, a top USA official said on Sunday, Reuters reports. This year, Pyongyang was estimated to earn $251 million from iron and iron ore exports, $113 million from lead and lead ore exports, and $295 million from fish and seafood exports, the diplomat said.
The 15-member council agreed to impose a new set of sanctions against Pyongyang that are expected to cut one-third of North Korea's export revenue in response to two intercontinental ballistic missile tests in July.
The unanimous adoption of Resolution 2371 by the council on Saturday demonstrates that the global community is united in its position regarding the nuclear issue of the Korean Peninsula, Liu told the Security Council after the voting of the sanctions.
Resolution 2371 (2017) includes the strongest sanctions ever imposed in response to a ballistic missile test.
The resolution bans North Korea from exporting coal, iron, lead and seafood products estimated to be worth over $1 billion.
Banning these exports will prevent Pyongyang from earning over $1 billion per year of hard currency that would be redirected to its illicit programs, according to the resolution.
Coal revenues accounted for around 40% of North Korea's export earnings in 2016, at a value of nearly USD1.2 billion, according to the US Energy Administration. It also prohibits countries from increasing the number of North Koreans working overseas and bans new joint ventures with the North as well as any new investment in current joint ventures.
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A resolution needs nine votes in favour, and no vetoes by the US, China, Russia, France or Britain, to be adopted.
It would also give a green light for the committee to designate specific vessels that are breaking sanctions from entering ports all over the world, and to work with INTERPOL to enforce travel bans on North Koreans on the sanctions blacklist.
He said the president told him there would be a war with North Korea if the regime continues to try to hit America with an ICBM.
It notes United Nations findings that well over half the population lacks sufficient food and medical care, while a quarter suffers from chronic malnutrition. "Instead, the North Korean regime is literally starving its people and enslaving them in mines and factories in order to fund these illegal missile programs".
Lt. Gen. H.R. McMaster, President Trump's national security adviser, said in an interview Saturday on MSNBC that a military option was still under consideration for dealing with the North Korean threat, but that the United States and its allies wanted first to exhaust all other options to resolve the standoff with Pyongyang peacefully.
The draft resolution reiterates language in previous Security Council resolutions supporting a return to six-party talks with the goal of denuclearizing the Korean Peninsula, expressing the Security Council's commitment "to a peaceful, diplomatic, and political solution to the situation", and reiterating the importance of maintaining peace and stability in northeast Asia.