United Nations adopts tough new sanctions on North Korea

United Nations adopts tough new sanctions on North Korea

However, for the first time the resolution clearly states that North Korea will see its oil supply further restricted if it conducts more nuclear tests, or launches more ballistic missiles.

The UN Security Council unanimously approved tough new sanctions on North Korea today in response to the latest launch of a ballistic missile that Pyongyang says is capable of reaching anywhere on the USA mainland.

North Korean leader Kim Jong-un says his country has emerged to pose a real nuclear threat to the United States, according to the North's official Korea Central News Agency (KCNA) on Friday.

Ahead of the council meeting, UN Secretary-General Antonio Guterres said a unanimous vote would be important to send a clear message to Pyongyang that it must abandon its ambition to develop nuclear weapons.

The newest proposed sanctions would also ban North Koreans from working overseas and toughen rules on shipping.

North Korea regularly threatens to destroy South Korea, the United States and Japan, and says its weapons programs are necessary to counter US aggression.

Not aware of free trade deal with access for financial services - Barnier
Britain will need a transition after Brexit that will avoid businesses having to adjust to new rules and regulations twice. More than 100 banks operating in London are branches of lenders headquartered elsewhere in the EU.

That's a reduction of almost 90 percent from the current 4.5 million barrels. And it caps imports of refined oil products, including diesel and kerosene, at 500,000 barrels a year.

Asked about the effects of sanctions before these latest proposals were announced, Michael Kirby, who led a United Nations inquiry into human rights abuses in North Korea, said cutting off fuel imports would be "a very serious step".

Anchor: Tensions continue to rise between North Korea and the rest of the world as Kim Jong-un asserts his country's nuclear capability and the United Nations seeks even stronger sanctions against the rogue regime.

The resolution approved Friday expresses concern that the foreign earnings from these workers are being used to support the country's nuclear and ballistic missile programs. The measure also prohibits insurance for all North Korean-affiliated vessels.

The forced repatriation of foreign workers would also cut off vital sources of foreign currency and investment not only for the government but also for North Korea's emerging market economy, he said.

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