You are here: Home » International » News » Others
Business Standard

EU ministers approve new sanctions to punish North Korea

A total ban on EU investment in North Korea is now in force, along with a complete halt to sales of crude oil

AFP | PTI  |  Luxembourg 

Kim Jong Un, North Korea
Kim Jong Un, the supreme leader of North Korea. (Photo: Reuters)

The European Union mposed fresh sanctions on today as part of efforts to punish the pariah regime for its nuclear and ballistic weapons programmes.

Foreign ministers meeting in Luxembourg signed off a new package of measures including a ban on in and on of to Pyongyang.

They also tightened the restrictions on North Korean workers in the to try to stop money being sent home that could be used to fund the disputed weapons programmes.

The said the new steps were taken in view of the "persistent threat to peace and stability" posed by Kim Jong-Un's regime.

The North carried out its sixth nuclear test -- and most powerful to date -- on September 3, sparking outrage and a fresh round of sanctions.

More people and entities associated with Kim Jong-Un's regime have been blacklisted and the ceiling for payments that can be made to has been cut from 15,000 euros to 5,000 euros.

A total ban on investment in is now in force, along with a complete halt to sales of and refined petroleum products.

As part of efforts to ensure sanctions are effective, members will instruct their embassies in countries seen as a risk of evading North Korean sanctions to deliver formal warnings to comply.

First Published: Mon, October 16 2017. 21:05 IST