UN to impose new sanctions on N Korea

north-korean-soldier-1The 5 permanent members of the UN Security Council are meeting to approve new sanctions on North Korea, aimed at substantially cutting its revenue from exports.  Reports suggest that the new resolution could cut North Korea’s export revenue of $3bn by at least $800m, by capping exports of coal, helicopters, vessels, and statues.  The new sanctions, if confirmed, will also impose asset freezes and travel bans on 11 people and 10 entities for alleged roles in North Korea’s nuclear and ballistic missile programmes.

China, a major importer of North Korean coal, is said to support the new sanctions, but Russia is not yet reported to have given them its backing.

This entry was posted in North Korea, United Nations by Maya Lester QC. Bookmark the permalink.

About Maya Lester QC

Maya Lester QC has a wide ranging practice in public law, European law, competition law, international law, human rights & civil liberties. She has a particular expertise in sanctions. As the most recent (2016) Chambers & Partners directory put it, she "owns the world of sanctions". She spent 2011-12 in New York at Columbia Law School lecturing and writing on sanctions. She represents and advises hundreds of companies and individuals before the European and English courts and has acted in most of the leading cases, including Kadi, Tay Za, Central Bank of Iran, NITC and IRISL.

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