In response to North Korea's sixth and most powerful nuclear test, the UN Security Council unanimously approved a new resolution Monday that will put increased pressure on Pyongyang.
New sanctions following North Korea's most recent nuclear test will hamper its ability to legitimately import gas and oil from China, but the nation retains an ability - and an increasing interest - in generating enormous revenues through cybercrime. "Before that part comes, the U.S. seems to have cards left that it can use", he noted. And the U.S. wanted them to be even tougher originally!
Even as President Donald Trump's administration touted a deal with the United Nations on new sanctions against North Korea, online sleuths were sounding the alarm over the regime's pursuit of an asset that could keep money flowing for its weapons programs: crypto currencies. "Another vessel - that one was Panamanian - another vessel from Jamaican or Jamaican-flagged, picked up the North Korean and headed straight to China, again circumventing sanctions".
South Korea's opposition Bareun Party lawmaker Ha Tae-Kyung, who has followed North Korean hacking attempts, said it had apparently stolen more than 90 billion won ($80 million) from South Korea through hacking attacks in the four years to June, including cyber-attacks on ATMs. Hostile sanctions are like a delusion tantamount to expecting foolishly that the ocean would dry up, the official added. "It remains on the table at the Security Council and we will insist on it being considered".
The news came as South Korea conducted its latest live fire drills with the U.S. military on Tuesday, in a display of military might featuring tanks and helicopters.
The new measures will target the country's textile exports and also seek to cap the number of North Koreans who work overseas and repatriate money at the current level of 100,000. Peru's envoy, Maria Antonia Masana Garcia, said North Korea's ambassador to her country would be considered persona non grata.
"We think it's a big mistake to underestimate this Russia, China initiative".
China's United Nations ambassador Liu Jieyi called for a resumption of negotiations "sooner rather than later".
The UNSC adopted new sanctions against North Korea in NY on Monday.
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"It is up to the global community to see that these resolutions are implemented", he warned.
The sanctions cap Pyongyang's imports of crude oil at the level of the last 12 months, and it limits the import of refined petroleum products to 2 million barrels a year. "If it agrees to stop its nuclear program it can reclaim its future".
The sanctions target gas and oil imports and ban textile exports from the secretive state, as well as limiting the number of foreign workers it can send overseas.
"The North Korean regime has not yet passed the point of no return", she said.
But despite the United States assessment that these are the strongest measures ever imposed on North Korea, some experts said that their impact will only be effective if paired with additional sanctions.
"But those sanctions are nothing compared to what ultimately will have to happen", he said without elaborating.
"We should go after banks and companies in other countries that do business with North Korea the same way", he said.
According to the ministry, during the discussion of the draft resolution Russian Federation and China managed to adjust the US-initiated tough text seeking to worsen North Korea's economic situation and fraught with catastrophic humanitarian impacts on North Korea's population.
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