Monday, 18 December, 2017

Council of the European Union expands sanctions against North Korea

EU extends pressure on North Korea Council of the European Union expands sanctions against North Korea
Melinda Barton | 13 August, 2017, 09:18

EU Foreign Policy chief Federica Mogherini will chair the meeting of the Political and Security Committee (PSC), in a bid to thrash out the bloc's possible next steps on the situation in North Korea, the European External Action Service said in a statement on Friday.

The EU move means that 62 people and 50 entities, like companies, organizations or banks, are now under sanctions in line with the United Nations list.

In accordance with the United Nations resolution, the EU Council said in a statement released Thursday that it had added a further nine individuals, including the state-owned Foreign Trade Bank (FTB) to its sanctions list, taking the total number of blacklisted individuals to 103, plus 57 entities.

The EU also urged North Korea to immediately halt provocations, while calling on other related countries to seek the denuclearization of the Korean Peninsula through peaceful ways. Pyongyang has promised a "fair response" to the sanctions, without specifying, however, what it will be.

"Military solutions are now fully in place, locked and loaded, should North Korea act unwisely", Trump tweeted. The U.S. orchestrated the unanimous adoption of the resolution in response to the North's two intercontinental ballistic missile tests last month. North Korea said it would fire ballistic missiles toward Guam, home to some 7,000 American military personnel. Some could reach the mainland USA, according to Pyongyang.