ALSO READOnly 73 of China's 338 cities met clean air standards: Report Revenue Dept modifies anti-dumping levy on chemical from China China's Alibaba Q1 revenue leaps 59 pc, best since IPO China's top 500 firms report first revenue decline in 15 yrs NC firm on 'one-China'; denies Deuba met Dalai Lama's rep
North Korea says a sweeping new round of UN sanctions aimed at choking its nuclear program by cutting off as much of a quarter of its foreign trade revenue is doomed to fail and will be met with tough countermeasures. Indicating how seriously the North takes the UN move, its vice foreign minister called a gathering of foreign diplomats in the capital early Friday to lay out his country's opposition to the sanctions, which are the harshest to date and have the support of China, North Korea's primary trading partner. North Korea's Foreign Ministry, in a statement issued soon after the sanctions were announced, "categorically" rejected the sanctions, prompted by its nuclear test on September 9. It warned of tough countermeasures, but didn't say what they might be.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)