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North Korea Rails Against New Sanctions. Whether They Will Work Is Unclear.
Keywords: North Korea, Missile Test, North Korea Sanctions,
Tags: Current Focus, United States,
The new set of sanctions imposed by the United Nations on North Korea would mean the loss of about $1 billion from exports. China's support was won by delaying sanctions on Chinese banks that do business with North Korea. The sanctions prohibit all exports of iron ore, coal, and seafood. Exports of coal to China have come down from earlier efforts, the new restrictions will tighten the sanctions. Two areas that remain are the remittances of Korean workers overseas, for which a limit is set, and the Chinese crude oil exports to North Korea. Experts say this leaves some areas untouched. Chinese banks are critical to North Korea's access to foreign exchange, and oil imports from China are also critical.
Tightening of sanctions on North Korea in 2016 after missile tests
03/31/2016
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New York Times 03/31/2016
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DW.COM 09/09/2016
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