The United Nations has imposed sanctions on three North Korean companies following the country’s failed missile launch last month, after receiving approval from the Security Council’s sanctions committee.
The failed launch in April violated UN restrictions on the country’s nuclear and missile activity and the response from the UN now bans three state owned companies, all involved in financing, exporting and procuring weapons, from engaging in global trade.
The United States, European Union, South Korea and Japan initially pushed to have 40 North Korean companies blacklisted, but China staunchly vetoed against the majority of the proposed companies being banned.
Nevertheless, US Ambassador Susan Rice stated that the,
“committee's strong and united response shows that the Security Council is determined that there be consequences for this provocation and any future North Korean violation."
“Taken together, we view this as a strong and credible set of new sanctions.”
The recent set of sanctions marks the third time in six years that such moves have been taken against North Korea.
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