The United Nations Security Council unanimously decided to slam North Korea with the strongest sanction in history. The sanction will cut off all of North Korea’s international exports of textile and imports of crude oil.
The sanctions have been imposed by the 15 member council due to North Korea’s continuous ballistic missile and nuclear programs. This is the ninth sanction resolution against North Korea.
The United States initially drafted a much tougher sanction but later compromised to win votes for the sanction.
The United State’s Ambassador Nikki Haley spoke to the United Nations and said, “If it agrees to stop its nuclear program, it can reclaim its future. If it proves it can live in peace, the world will live in peace with it.”
The sanction states that 30% of the petroleum sent to North Korea will be banned. It also notes a complete ban on textiles which is $800 million revenue for North Korea. The country is also banned from sending overseas labourers that make $500 million revenue. This sanction also marks the end of all joint ventures with North Korea this will ensure cutting off all foreign investment in the country.
