BREAKING NEWS

UN Security Council hits North Korea with more sanctions

By REUTERS

MARCH 7, 2013 18:57

UNITED NATIONS - In response to North Korea's third nuclear test, the UN Security Council voted on Thursday to tighten financial restrictions on Pyongyang and crack down on its attempts to ship and receive banned cargo in breach of UN sanctions.

The US-drafted resolution, approved unanimously by the 15-nation council, was the product of three weeks of negotiations between the United States and China after North Korea's February 12 test.

UN Secretary-General Ban Ki-moon, a former South Korean foreign minister, said the resolution "sent an unequivocal message to (North Korea) that the international community will not tolerate its pursuit of nuclear weapons."

The resolution specifies some luxury items that North Korea's elite will not be allowed to import, such as yachts, racing cars, luxury automobiles and certain types of jewelry. This is to close a loophole that previously allowed countries to decide for themselves what constitutes a luxury good.

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