Home GRASP GRASP/Korea North Korea Could Lose $1 Billion in Exports Under U. N. Measure

North Korea Could Lose $1 Billion in Exports Under U. N. Measure

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A Security Council diplomat said an American-drafted resolution would be an “extremely impactful” response to North Korea’s missile and nuclear tests.
An American-drafted United Nations Security Council resolution to penalize North Korea would ban the country’s exports of coal, iron, lead and seafood, cutting $1 billion of its $3 billion in annual export revenue, a Security Council diplomat said on Friday.
The diplomat, briefing reporters on the draft resolution, called the penalties “extremely impactful” and the most significant of any of the resolutions over the past 11 years aimed at stopping North Korea from developing its nuclear weapons and ballistic missile capabilities.
The diplomat, who spoke on the condition of anonymity in accordance with protocol, said that the resolution had been circulated to all 15 Security Council members and that the United States would push for “rapid adoption.

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