Decision to transpose sanctions imposed by UN Resolution 2371 against North Korea (DPRK)

Background and further information:

This resolution was adopted on 5 August 2017 in response to North Korea's nuclear weapon and ballistic missile-development activities. The measures introduced by UNSC resolution 2371 (2017) target the DPRK's main exports, imposing a total ban on all exports of coal iron, iron ore, seafood, lead and lead ore. Additional sanctions target the DPRK's arms smuggling, joint ventures with foreign companies, banks and its ability to generate revenue and to access the international financial system. In addition, the EU members states decided not to allow any more North Korean nationals to work on their territories as they are suspected of generating revenue which is used to support the country's illegal nuclear and ballistic missile programmes.

Member states decided also to prohibit the opening of new joint ventures and cooperative entities, as well as the expansion of existing joint ventures through additional investments with any entities and individuals from the DPRK.

The decision was formally made during a meeting of the Justice and Home Affairs Council.

The Council of the European Union decided on 14 September 2017 to transpose the sectoral sanctions imposed by the United Nations Security Council Resolution 2371, thus strengthening its restrictive measures against the Democratic People's Republic of Korea (DPRK).

ESO In Focus: European reaction to nuclear test conducted by North Korea, September 2017 http://www.europeansources.info/record/european-reaction-to-nuclear-test-conducted-by-north-korea/

ESO: Find further information in ESO on this topic http://www.europeansources.info/advSearchLink?keyword=north%20korea%20&searchOption=all

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