Diplomat: $1 billion in North Korea exports would be banned by UN

Diplomat: $1 billion in North Korea exports would be banned by UN
People look at a display showing images of missiles launches and military exercises in a public square in Pyongyang, in this July 29, 2017 photo. (AFP)
Updated 05 August 2017
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Diplomat: $1 billion in North Korea exports would be banned by UN

Diplomat: $1 billion in North Korea exports would be banned by UN

UNITED NATIONS: A Security Council diplomat says a proposed UN sanctions resolution would ban North Korea from exporting coal, iron, lead and seafood worth a total of about $1 billion.
The diplomat, who was not authorized to speak publicly, said Friday the draft resolution would also ban countries from giving additional permits to North Korean laborers — another source of money for Kim Jong Un’s regime.
The United States drafted the initial resolution and spent several weeks negotiating the text with China. The diplomat said the resolution will likely be put in a final form later Friday with a vote “imminently.”
The diplomat said the draft resolution would add additional names to the UN sanctions blacklist including the Foreign Trade Bank, which is a major clearing house.