Close Menu
    Latest Category
    • Finance
    • Tech
    • EU Law
    • Energy
    • fx
    • About
    • Contact
    EUbusiness.com | EU news, business and politicsEUbusiness.com | EU news, business and politics
    Login
    • EU News
    • Focus
    • Guides
    • Press
    • Jobs
    • Events
    • Directory
    EUbusiness.com | EU news, business and politicsEUbusiness.com | EU news, business and politics
    Home

    EU strengthens sanctions against North Korea

    npsBy nps14 September 2017 No Comments2 Mins Read
    — Filed under: EU News External Relations Headline1 NKorea Ukraine
    Share
    Facebook Twitter LinkedIn Pinterest Email

    (BRUSSELS) – EU ministers strengthened restrictive measures against the Democratic People’s Republic of Korea Thursday, and prolonged sanctions over actions against Ukraine’s territorial integrity.

    The Justice and Home Affairs Ministers’ Council adopted the resolution in response to North Korea’s ongoing nuclear weapon and ballistic missile-development activities, in violation and flagrant disregard of previous UN Security Council resolutions.

    The Council will swiftly transpose the additional sanctions included in the latest UN security Council resolution (2375 of 11 September 2017), which introduces further sanctions on the DPRK, including strengthening some of the measures introduced by UNSCR 2371, for instance on North Korean workers.

    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 will not 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.

    EU member states will also 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.

    At the meeting, the Council also prolonged the restrictive measures over actions undermining or threatening the territorial integrity, sovereignty and independence of Ukraine for a further six months, until 15 March 2018. The measures consist of asset freezes and travel bans.

    Ministers decided that there was no justification for a change in the sanctions regime. The restrictive measures now apply to 149 persons and 38 entities.

    EU restrictive measures against North Korea (background information)

    Overview of EU restrictive measures in response to the crisis in Ukraine

    EU-Japan trade negotiating directives made public

    Justice and Home Affairs Council, 14/09/2017 – main results

    Add A Comment

    Leave A Reply Cancel Reply

    You must be logged in to post a comment.

    nps
    • Website

    Related Content

    EU approves EUR 300m for common defence procurement projects

    EU proposes e-declaration for the posting of workers

    EU calls on Apple to end geo-blocking on media services

    EUR/USD touches one year low as Trump takes control of Congress – Euro currency news daily

    EU artificial intelligence factories set for 2025

    Council agrees reform of EU VAT rules for the digital age

    LATEST EU NEWS

    EU approves EUR 300m for common defence procurement projects

    14 November 2024

    EU proposes e-declaration for the posting of workers

    14 November 2024

    EU calls on Apple to end geo-blocking on media services

    14 November 2024

    EUR/USD touches one year low as Trump takes control of Congress – Euro currency news daily

    14 November 2024

    EU artificial intelligence factories set for 2025

    13 November 2024
    BRIEFING

    Agenda

    This week, COP29 begins in Azerbaijan; finance ministers discuss the EU's annual budget for 2025; and MEPs hold a plenary session on EU-US relations, EU summits, deforestation and COP 29...

    EUbusiness Week

    This week competitiveness and environment ministers will hold informal meetings…

    Eurozone Economic Calendar

    Key economic calendar events for the week 11 to 16 November 2024

    The Week's Top Stories

    This week competitiveness and environment ministers will hold informal meetings…

    Advertisement

    Subscribe to EUbusiness Week

    Get the latest EU news

    Latest Posts

    EU approves EUR 300m for common defence procurement projects

    14 November 2024

    EU proposes e-declaration for the posting of workers

    14 November 2024

    EU calls on Apple to end geo-blocking on media services

    14 November 2024

    EUR/USD touches one year low as Trump takes control of Congress – Euro currency news daily

    14 November 2024

    CONTACT INFO

    • EUbusiness Ltd 117 High Street, Chesham Buckinghamshire, HP5 1DE United Kingdom
    • +44(0)20 8058 8232
    • service@eubusiness.com

    INFORMATION

    • About Us
    • Advertising
    • Contact Info

    Services

    • Privacy Policy
    • Tems
    • EU News

    SOCIAL MEDIA

    Facebook
    eubusiness.com © EUbusiness Ltd 2025
    Design and developed by : Dotsquares

    Type above and press Enter to search. Press Esc to cancel.

    Sign In or Register

    Welcome Back!

    Login below or Register Now.

    Lost password?

    Register Now!

    Already registered? Login.

    A password will be e-mailed to you.

    We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.Ok