U.S. proposing new penalties on N. Korea
The United States has proposed wide new United Nations sanctions on North Korea that would ban exports of coal and other commodities, a U.N. Security Council diplomat said Friday.
The new penalties are likely to be adopted quickly by the Security Council in response to two North Korean intercontinental ballistic-missile launches last month, the diplomat said. A vote could come as soon as Saturday.
The bans on coal, lead, iron and seafood exports could deny North Korea $1 billion in annual revenue, out of total exports of $3 billion, according to the diplomat, who insisted on being identified only as a Security Council diplomat in a briefing for reporters.
The U.N. sanctions would also cap North Korea’s lucrative program of farming out laborers, called guest workers, to other nations, the diplomat said.