Kim Jong-un Receives UN Sanctions
Kim Jong-un receives new sanctions in retaliation for its controversial nuclear program. The toughest one is an export ban. It is aimed at depriving Pyongyang of one billion dollars in annual revenues. This is about one-third of its export earning. The leader, and his country, will also be banned from selling coal, iron and iron ore, lead and lead ore, fish and seafood. Another tough punch is that it will prevent North Korea from increasing the number of workers it sends overseas. The earnings of these workers are another source of revenue for the country.
President Trump Tweets His Message
President Trump tweeted, “United Nations Resolution is the single largest economic sanctions package ever on North Korea. Over one billion dollars in cost to N.K.”
The U.N. resolution will also prohibit countries starting new joint ventures with North Korea, as well as any fresh investment in current joint ventures.
US ambassador to the U.N. Nikki Haley said penalties against the regime have now been taken “to a whole new level” and the Security Council had put the leader “on notice.” Haley said, “This is the most stringent set of sanctions on any country in a generation.”
Despite eventual supporting the resolution, China and Russia had resisted the US clampdown. The two countries have argued that dialogue with the North was the best way to convince Pyongyang to halt its military ambitions. Chinese Foreign Minister Wang Yi said he had urged his North Korean counterpart to abide by UN resolutions and end testing of missiles.