ibusinesslines.com
ibusinesslines.com November 19, 2017


The EU extended sanctions against the DPRK

13 August 2017, 02:25 | Erica Roy

The EU extended sanctions against the DPRK

The EU extended sanctions against the DPRK

The European Union has said that it will convene an extraordinary session next week to discuss the escalating tension with North Korea.

The list now includes 62 individual and 50 entities subject to an asset freeze and travel restrictions in the EU.

The most recent escalation was prompted by sanctions against North Korea approved by the United Nations Security Council (UNSC) last week in response to July's launches of ballistic missiles by Pyongyang.

The DPRK's actions, which the statement says "gave threat to global peace and security", will block transactions in coal, iron and iron ore, ban imports of copper, nickel, silver and zinc from North Korea, as well as suspend scientific and technical cooperation and even slow the flow of earnings made by the country's citizens while overseas being sent home.


The EU also urged North Korea to immediately halt provocations, while calling on other related countries to seek the denuclearization of the Korean Peninsula through peaceful ways.

On Tuesday, Trump issued a controversial warning to the DPRK, saying that threats from the country would be met with "fire and fury like the world has never seen".

It stressed in a statement that it is faithfully implementing the United Nations resolution against North Korea, but also imposing its own sanctions.

And a day later, he told reporters at his golf club in Bedminster, New Jersey, that his administration is looking at military options "very carefully".



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