The move comes at a time of increased tensions as North Korea presses ahead with nuclear and missile programmes which have badly rattled the United States and its allies Japan and South Korea.
North Korea is high on the agenda of the first summit later today between US President Donald Trump and his Chinese counterpart Xi Jinping, with Washington pressing Beijing to do more to rein in Pyongyang.
In a statement, the EU called on North Korea to resume talks with the international community, "to cease its provocations and to abandon all nuclear weapons and existing nuclear programmes as well as other weapons of mass destruction and ballistic missile programmes."
The sanctions include extending an investment ban to "new sectors, namely the conventional arms-related industry, metallurgy and metalworking, and aerospace," it said.
Additionally, they "prohibit the provision of certain services to persons or entities... Namely computer services and services linked to mining and manufacturing in the chemical, mining and refining industry."
Four people were added to the EU's visa ban and asset freeze blacklist, bringing the total to 41. Their names will be published tomorrow.
The EU has steadily increased its sanctions against North Korea, the previous move coming in late February with Pyongyang in the spotlight after the assassination at the Kuala Lumpur airport of Kim Jong-Nam, the estranged half-brother of leader Kim Jong-Un.
EU sanctions against North Korea date back to 2006 and are part of international efforts to halt a nuclear and ballistic missile programme which experts say is intended to give Pyongyang the capability to hit the US mainland.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
