On 9 October 2014, the European Union amended its sanctions against North Korea. The amending measures are Council Decision 2014/700/CFSP, which amends Council Decision 2013/183/CFSP, and Commission Implementing Regulation (EU) No 1059/2014 which amends Council Regulation (EC) No 329/2007.
The EU first imposed sanctions on North Korea in 2006, joining the UN in imposing measures in response to North Korea’s declaration that it had tested a nuclear explosive device.
The restrictions in force against North Korea include restrictions on imports and exports, financial support for trade, the finance and trade sectors, travel, and the freezing of funds and economic resources.
The changes in the new measures are as follows:
1) Ocean Maritime Management Company Limited has been added to these restrictive measures for allegedly assisting in a breach of the arms embargo against North Korea.
2) The identifying information for 4 individuals and 12 entities has been amended.
3) Jon Pyong-ho has been removed from the list of those subject to sanctions.
The EU sanctions in force against North Korea are in the ‘sanctions in force’ section of this blog.