The UN Security Council has unanimously passed a resolution imposing new sanctions on North Korea. These far-reaching sanctions, which were drafted by agreement between the USA and China:
- require inspection of all cargo leaving or entering North Korea by sea or air;
- ban all sales or transfers of small arms and light weapons to North Korea;
- ban the export from North Korea of coal, iron, and iron ore being used to fund North Korea’s nuclear or ballistic missile programmes;
- ban the export from North Korea of gold, titanium ore, vanadium ore, and rare earth minerals;
- ban the export to North Korea of aviation fuel, including kerosene-type rocket fuel;
- prohibit the export to and from North Korea of several new luxury items, including snowmobiles, recreational water vehicles, luxury watches, and lead crystal;
- require member states to expel North Korean diplomats who engage in “illicit activities”;
- ban North Korea from chartering vessels or aircraft, and call on countries to de-register any vessel owned, operated, or crewed by North Korea;
- prohibit the opening of new branches, subsidiaries, or representative offices of North Korean banks in member states;
- prohibit financial institutions from establishing new joint ventures, or maintaining or establishing correspondent relationships with North Korean banks;
- require that member states close North Korean banks in their jurisdictions and terminate banking relationships with them within 90 days;
- require member states to impose asset freezes on entities linked to North Korea’s nuclear and missile programmes (previously they were only encouraged to do this); and
- impose asset freezes and travel bans on 16 people and 12 entities, including the agency responsible for North Korea’s rocket launch in February. 31 ships owned by Ocean Maritime Management Company will also be designated.
The sanctions are in Resolution 2270, which states that they are not intended to have “adverse humanitarian consequences” for civilians.