(photo credit: JPOST STAFF)
UNITED NATIONS - The United Nations Security Council imposed new sanctions on North Korea on Saturday that could slash by a third the Asian state's $3 billion annual export revenue over Pyongyang's two intercontinental ballistic missile tests in July.
The US-drafted resolution bans North Korean exports of coal, iron, iron ore, lead, lead ore and seafood. It also prohibits countries from increasing the current numbers of North Korean laborers working abroad, bans new joint ventures with North Korea and any new investment in current joint ventures.
The unanimously adopted resolution adds nine individuals and four entities to the UN blacklist, including North Korea's primary foreign exchange bank, subjecting them to a global asset freeze and travel ban.