Quantcast
Connect with us

New N. Korea sanctions sets stage for nuclear showdown

Published

on

The UN Security Council on Wednesday put three top North Korean state firms on a sanctions black list over the country’s failedrocket launch.

But the assets freeze against three enterprises said to have financed and organized the North’s missile and nuclear programs could soon be followed by a new UN sanctions battle if the North carries out a feared nuclear bomb test.

ADVERTISEMENT

The United States, European Union, South Korea and Japan had proposed adding 40 companies, organizations and individuals to the UN sanctions list. But China, the North’s closest ally, rejected the bulk of the names, diplomats said.

US ambassador Susan Rice said the sanctions targeted “three very significant North Korean entities, very much involved in their illicit missile and nuclear programs.”

The three sanctioned firms are Amroggang Development Banking Corporation, which already faces US and European Union sanctions, Green Pine Associated Corporation, and Korea Heungjin Trading Company.

Amroggang is related to another bank, Tanchon, which plays a “key role” in North Korea’s sales of ballistic missiles, including to Iran, said a sanctions committee statement.

ADVERTISEMENT

Green Pine was said to be North Korea’s “prime” arms dealer, responsible for about half of the country’s arms exports. The statement added that Korea Heungjin was also suspected of trading in weapons with Iran and importing goods for missile designs.

“We view this as a strong and credible set of sanctions,” Rice told reporters. China’s UN ambassador Li Baodong also said he was “happy” that an agreement had been reached on the sanctions list.

ADVERTISEMENT

North Korea fired the rocket on April 13, but it disintegrated soon after launch and fell into the Yellow Sea.

Global condemnation followed, however, and the Security Council ordered the expansion of sanctions imposed after the isolated state’s nuclear bomb tests in 2006 and 2009.

The Security Council is now braced for more difficult talks if North Korea stages a third bomb test. China would again be expected to protect its neighbor against international pressure for major sanctions, diplomats said.

ADVERTISEMENT

North Korea has apparently finished preparations for a third test at its underground site at Punggye-ri, in the northeast of the country, and is awaiting a political decision to go ahead, according to South Korean nuclear experts.

Rice said the new sanctions will “increase North Korea’s isolation” and showed the Security Council “is determined that there be consequences for this provocation and any future North Korean violation.”

“We should not judge anything now,” the Chinese ambassador told reporters when asked how the Security Council should react to an atomic test.

ADVERTISEMENT

But US and European diplomats have indicated that they will seek sanctions if a new atomic blast is carried out.

Western nations have already started discussing potential action, but not yet with China and Russia, diplomats said. “China will never discuss action before the event. We will have to see how they react to any test. Sanctions would be the normal reaction, but it will be hard,” one western envoy said.

Following the rocket launch, the 15-nation council gave its North Korean sanctions committee two weeks to propose new names and entities to add to the list of eight firms and five individuals already facing an assets freeze and travel ban.

ADVERTISEMENT

The council also ordered an updated list of technology and substances that are banned for North Korea. The lists are prepared by the Missile Technology Control Regime and by the Nuclear Suppliers Group, the main nuclear equipment exporting countries.

Enjoy this piece?

… then let us make a small request. Like you, we here at Raw Story believe in the power of progressive journalism — and we’re investing in investigative reporting as other publications give it the ax. Raw Story readers power David Cay Johnston’s DCReport, which we've expanded to keep watch in Washington. We’ve exposed billionaire tax evasion and uncovered White House efforts to poison our water. We’ve revealed financial scams that prey on veterans, and legal efforts to harm workers exploited by abusive bosses. We’ve launched a weekly podcast, “We’ve Got Issues,” focused on issues, not tweets. And unlike other news outlets, we’ve decided to make our original content free. But we need your support to do what we do.

Raw Story is independent. You won’t find mainstream media bias here. We’re not part of a conglomerate, or a project of venture capital bros. From unflinching coverage of racism, to revealing efforts to erode our rights, Raw Story will continue to expose hypocrisy and harm. Unhinged from billionaires and corporate overlords, we fight to ensure no one is forgotten.

We need your support to keep producing quality journalism and deepen our investigative reporting. Every reader contribution, whatever the amount, makes a tremendous difference. Invest with us in the future. Make a one-time contribution to Raw Story Investigates, or click here to become a subscriber. Thank you. Click to donate by check.

Enjoy this piece?

… then let us make a small request. Like you, we here at Raw Story believe in the power of progressive journalism — and we’re investing in investigative reporting as other publications give it the ax. Raw Story readers power David Cay Johnston’s DCReport, which we've expanded to keep watch in Washington. We’ve exposed billionaire tax evasion and uncovered White House efforts to poison our water. We’ve revealed financial scams that prey on veterans, and efforts to harm workers exploited by abusive bosses. We’ve launched a weekly podcast, “We’ve Got Issues,” focused on issues, not tweets. Unlike other news sites, we’ve decided to make our original content free. But we need your support to do what we do.

Raw Story is independent. You won’t find mainstream media bias here. We’re not part of a conglomerate, or a project of venture capital bros. From unflinching coverage of racism, to revealing efforts to erode our rights, Raw Story will continue to expose hypocrisy and harm. Unhinged from corporate overlords, we fight to ensure no one is forgotten.

We need your support to keep producing quality journalism and deepen our investigative reporting. Every reader contribution, whatever the amount, makes a tremendous difference. Invest with us in the future. Make a one-time contribution to Raw Story Investigates, or click here to become a subscriber. Thank you.



Report typos and corrections to: [email protected]. Send news tips to: [email protected].
READ COMMENTS - JOIN THE DISCUSSION
Continue Reading

Breaking Banner

Trump’s ignorance has touched off a new crisis in Kashmir

Published

on

While Americans parse conspiracy theories about billionaire pedophile Jeffrey Epstein’s demise in a Manhattan jail cell, Trump’s sinister role in helping light a fuse in one of the most dangerous areas of the world has gone virtually unnoticed – by the U.S. that is.

India’s abrupt takeover on Aug. 5 of the Muslim-majority Kashmir state was a double whammy for the seven million inhabitants of this once-storied Himalayan kingdom nominally ruled by India and bordered by arch-enemy Pakistan as well as China, both of which claim territory in the region. All three countries have nuclear weapons.

Continue Reading

Breaking Banner

Is Trump is right? Is there ‘something going on’ at Fox News?

Published

on

President Donald Trump denounced Fox News after the network released a poll showing him lagging behind the four current frontrunners for the Democratic presidential nomination.

"Fox has changed, and my worst polls have always been from Fox. There's something going on at Fox — I'll tell you right now," Trump told reporters Sunday in New Jersey. "And I'm not happy with it."

The president went on to list which talent on the Fox News roster he was pleased with, while also suggesting that the hosts of the presidential debates could be determined by who treats him most favorably.

"Fox was treated very badly by the Democrats — very, very badly having to do with the Democrats and other things. And I think Fox is making a big mistake," Trump added. "Because you know, I'm the one who calls the shots on the really big debates. I guess we're probably planning on three of them. And I'm not happy with Fox."

Continue Reading
 

Facebook

Plastic snow falling in the Arctic

Published

on

Plastic pollution has reached one of the most remote places on Earth: the Arctic. That is according to two separate studies released last week which found tiny plastic particles, known as microplastics, in Arctic snowfall and frozen within the sea ice.

A study by German and Swiss scientists found that snow falling in the Norwegian Arctic archipelago of Svalbard contained as many as 14,400 particles of plastic per litre.

They said it was likely the particles were being blown in from populated areas thousands of miles away, before being trapped in snow and falling to Earth.

Continue Reading
 
 

Thank you for whitelisting Raw Story!

As a special thank you, from now until August 31st, we're offering you a discounted rate of $5.99/month to subscribe and get ad-free access. We're honored to have you as a reader. Thank you. :) —Elias, Membership Coordinator
LEARN MORE
close-link
close-image