Peru expelling North Korean ambassador over nuclear program

Adjust Comment Print

We can not guarantee that it is suitable for the visually or hearing impaired.

North Korea's top envoy to a leading U.N. disarmament body says his country "categorically" rejects a U.N. Security Council resolution imposing new sanctions over its nuclear and missile programs.

It was the eighth series of sanctions imposed on North Korea since it first tested a nuclear device in 2006.

The final agreement was reached after negotiations between the USA and China, the North's ally and major trading partner.

"We definitely see sanctions being a big lever driving this sort of activity", said Luke McNamara, a researcher at FireEye and author of the new report.

Britain's U.N. ambassador, Matthew Rycroft, told reporters who questioned the watering down of the initial US text that "there is a significant prize in keeping the whole of the Security Council united". This summer, the United States targeted two Russian companies with penalties for supporting North Korean missile procurement.

The resolution is a watered-down version of what the USA initially proposed, removing the demand to ban all oil imports to the North and to freeze worldwide assets of the government and leader Kim Jong Un, according to the Associated Press.

North Korea warned early Monday that the United States would feel the "greatest pain" if it pushed ahead with a new round of sanctions.

He again raised the Chinese and Russian proposal of a dual suspension of North Korea's nuclear and ballistic missile testing along with US and South Korean military exercises in a bid to kick-start talks.

Ms Haley last week dismissed this proposal as "insulting". "It remains on the table at the Security Council and we will insist on it being considered". Both countries could veto any new resolution.

U.N. Secretary-General Antonio Guterres welcomed the council's "firm action" to send a clear message to North Korea that it must comply with its worldwide obligations, U.N. spokesman Stephane Dujarric said.

The ambassador, Kim Hak-Chol, has five days to leave Peru, the foreign affairs ministry said in a statement.

Japanese Prime Minister Shinzo Abe (SHIN'-zoh AH'-bay) said Tuesday in Tokyo that he highly appreciates what he called "a remarkably tough sanctions resolution".

He said North Korean bank representatives still operate in Russian Federation in "flagrant disregard" of United Nations resolutions that Moscow voted for.

Bokf Na Buys 8083 Shares of CVS Health Corporation (CVS)
It turned negative, as 87 investors sold HAR shares while 161 reduced holdings. 52 funds opened positions while 108 raised stakes. The market capitalization (Stock Price Multiply by Total Number of Outstanding Shares) for the company is reported at $81.74B.

Mr Trump said it was "nice" to get a 15-0 vote at the UN.

There are a few things that made it through the negotiating process - for instance, a ban on textile exports from North Korea, for instance. Almost 80 percent went to China.

KELEMEN: Well, instead of an oil embargo, there's a cap on the exports of crude oil to North Korea.

Chinese officials have privately expressed fears that an oil embargo could risk causing massive instability in its neighbor.

China accounts for 90% of North Korea's external trade.

"North Korea has set its sights on the so-called next generation financial markets, including virtual currencies, pin-tech and blockchains", he told journalists last week. But they are concerned about the nuclear and missile tests.

"This resolution also puts an end to the regime making money from the 93,000 North Korean citizens it sends overseas to work and heavily taxes".

The US official said the ban on textile exports would deprive North Korea of some US$726 million in annual revenue. This resolution calls on countries to inspect ships if there are reasonable grounds for a search and only with consent.

So far this year, FireEye has confirmed attacks on at least three South Korean exchanges, including one in May that was successful.

But after the latest nuclear test, Haley took a more public approach, announcing a week ago that she would circulate a draft resolution to all council members and that she meant to call for a vote on September 11.

MCEVERS: Was it surprising that the USA backed off in this way?

The commission could not confirm what kind of nuclear test the North conducted, he added.

Form for signing up for free newsletter.