UNITED NATIONS — A proposed new U.N. sanctions resolution would significantly increase economic pressure on North Korea to return to negotiations on its nuclear and missile programs by banning mineral and seafood exports worth over $1 billion — a third of its total exports last year, a Security Council diplomat said Friday.
The draft resolution obtained by CBS News would also prohibit countries from giving any new permits to North Korean overseas guest workers, ban new joint ventures with North Korean companies and slash new foreign investment in joint ventures that are already operating, CBS News’ Pamela Falk reports.
Egypt, which holds the Security Council presidency, said a vote on the draft resolution has been scheduled for 3 p.m. EDT on Saturday.
For over a decade, the U.N. and the U.S. have tried and failed to halt the advancement of North Korea’s nuclear weapons program through sanctions that have been skirted by many nations and without the full support of China, the North’s principal trading partner.
Don’t let the MSM censor your news as America becomes Great Again. Over 500,000 Americans receive our daily dose of life, liberty and pursuit of happiness along with Breaking News direct to their inbox—and you can too. Sign up to receive news and views from The 1776Coalition!
We know how important your privacy is and your information is SAFE with us. We’ll never sell
your email address and you can unsubscribe at any time directly from your inbox.