Joint Proposal for a Council Regulation amending Regulation (EC) No 329/2007 concerning restrictive measures against the Democratic People’s Republic of Korea

On 7 March 2013, the United Nations Security Council (UNSC) adopted Resolution 2094 (2013) in which it condemned the nuclear test that the Democratic People’s Republic of Korea (“North Korea”) had conducted on 12 February 2013. The UNSC affirmed the measures it had already taken in UNSC Resolutions 1718 (2006), 1874 (2009) and 2087 (2013) and decided that all UN members shall apply additional restrictive measures against North Korea.

The additional measures provided for in UNSC Resolution 2094 (2013) include:
(a) asset freeze measures against individuals or entities acting on behalf of or at the direction of the individuals and entities which have already been designated, and to entities owned or controlled by them, including through illicit means;
(b) a prohibition on establishment of correspondent banking relationships with banks and financial institutions in North Korea or the opening of bank accounts in North Korea;
(c) the requirement to inspect cargos originating in North Korea or destined for North Korea or brokered or facilitated by North Korea, or by individuals or entities acting on their behalf, where there are reasonable grounds to believe that the cargo contains prohibited items;
(d) a prohibition on aircraft taking off from, landing in or overflying territory if there are reasonable grounds to believe that the aircraft contains prohibited items.

In order to implement UNSC Resolution 2094 (2013), the Council adopted Decision 2013/183/CFSP concerning restrictive measures against the Democratic People’s Republic of Korea repealing Decision 2010/800/CFSP, which provides for action by the European Union in order to implement additional restrictive measures. The High Representative for Foreign Affairs and Security Policy and the Commission propose to implement the restrictive measures noted above by means of an amendment to Council Regulation 329/2007.

EUR-Lex: JOIN(2013)018: Follow the progress of this proposal through the decision-making procedure http://eur-lex.europa.eu/legal-content/EN/HIS/?uri=JOIN:2013:018:FIN

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