South Korea to an­nounce own sanc­tions against north

The Pak Banker - - 6BUSINESS -

South Korea plans to an­nounce a set of in­de­pen­dent sanc­tions against North Korea to fol­low up a United Na­tions Se­cu­rity Coun­cil res­o­lu­tion pun­ish­ing the Py­ongyang regime for a fourth nu­clear test and long-range rocket launch, Yon­hap News re­ported.

The sanc­tions may be an­nounced early this week, Yon­hap re­ported Sun­day, cit­ing an uniden­ti­fied govern­ment of­fi­cial. They will in­clude a ban on en­try by ves­sels that have pre­vi­ously made a call at a North Korean port and black­list peo­ple and groups linked to North Korea's de­vel­op­ment of weapons of mass de­struc­tion, it said. The re­port comes af­ter the Philip­pines said Satur­day that it had im­pounded a North Kore­an­con­trolled ves­sel in line with a se­cu­rity coun­cil res­o­lu­tion that re­quires in­spec­tion of all cargo en­ter­ing or leav­ing North Korea. It is the first case of UN sanc­tions be­ing en­forced against North Korean ships since the se­cu­rity coun­cil unan­i­mously ap­proved them.

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