UNITED NATIONS — The United Nations Security Council has unanimously approved a new sanctions on North Korea, banning textile exports and capping its oil imports following Pyongyang’s sixth and most powerful nuclear test conducted last week.
The UNSC resolution was passed Monday after Washington agreed to revise the draft to accommodate the positions and concerns voiced by Beijing and Moscow.
The United States had called for the strongest possible sanctions and originally proposed seeking an oil embargo on Pyongyang. But after negotiations, a revised draft of the sanction document only capped crude oil exports to North Korea at current levels.
Following a series of negotiations Sunday, diplomats agreed not to ban oil exports into North Korea. Instead, the ninth set of restrictive sanctions against Pyongyang, unanimously adopted by the 15-member UN Security Council, authorized a cap of 2 million barrels a year of sales of refined petroleum products to North Korea, Reuters reported.
The sanctions also place a cap on crude oil exports to the communist regime at current levels.
The UNSC also placed a ban on the country’s textile exports, North Korea’s second-biggest export, totaling $752 million, according to data from the Korea Trade-Investment Promotion Agency.
Nearly 80 per cent of the textile exports went to China.Follow @gorkhapost