EU approves more sanctions on North Korea after nuclear test

BusinessEU approves more sanctions on North Korea after nuclear test

BRUSSELS: The European Union agreed on Monday to impose more sanctions on North Korea in retaliation for the nuclear test the country conducted last week, EU officials said. The measures range from financial measures to travel bans and asset freezes against individuals.

The new sanctions include the implementation of individual sanctions approved at UN level as well as EU restrictions on financial dealings and trade sanctions on items potentially linked to Pyonyang’s ballistic and nuclear programmes, the source said.

“It is a tough package that aims to mark our opposition to the nuclear test,” conducted by Pyonyang on February 12, a senior EU diplomat said on the condition of anonymity.

The UN Security Council on January 22 ordered expanded sanctions against North Korea, adding its state space agency, a bank, four trading companies and four individuals to an existing UN sanctions list.

“We have pushed for enhancing the sanctions. This is the answer to a nuclear programme which endangers not only the region but the whole security architecture worldwide,” Germany’s Foreign Minister Guido Westerwelle said during a meeting with his EU counterparts in Brussels.

North Korea was widely condemned last week after its third nuclear test since 2006, defying United Nations resolutions and putting the country closer to a workable long-range nuclear missile.

North Korean banks will also be barred from opening new branches in the European Union and European banks would not be able to open new branches in the northeast Asian state. Diplomats could not say if North Korean banks had any branches in the EU.

Must read

Recent News

The hidden linkages among BLA, TTP, and PTI

The hidden linkages among BLA, TTP, and PTI

0
Islamabad, Pakistan: Another targeted suicide bombing in Quetta (Railway Station) has confirmed again that enemies are not sitting idle and they do not miss...

The Ruling Elite Decides the Destiny of Poor Pakistanis: A Story of Dreams Lost...

0
By Maria HameedIn a small village on the periphery of Lahore, Muhammad Bota wakes up before dawn every day. His routine is as predictable...
Donald Trump gave a winning speech before the official results

Donald Trump gave a winning speech before the official results saying he will not...

0
Monitoring Desk: Thanking his children, wife, supporters, and all who stood with him, Donald Trump gave a winning address before official results were announced....
Mr Imran Khan this was you who gave extension to former COAS alone instead of other chiefs

Mr Imran Khan this was you who gave an extension to former COAS alone...

0
Islamabad, Pakistan: The jailed former Prime Minister Imran Khan has said that the extension (of Army chief) made institutions weaker rather than making them...

Does close partnership between China and Pakistan provide immunity to attack Chinese citizens?

0
Islamabad, Pakistan: There is no doubt that Pakistan and China are close partners and iron brothers, united by a bond of mutual respect and...
Advertisement