

The UN Security Council has voted to toughen sanctions against the Democratic People’s Republic of Korea (DPRK) in response to the Asian country's continuous ballistic missile launches.
The unanimously adopted resolution condemns launches of ballistic missiles of possible intercontinental range by DPRK on 3 and 28 July.
According to the resolution, North Korea cannot export coal, iron and iron ore, which were previously exported in a limited amount for livelihood purposes.
The resolution also prohibited countries from increasing the total number of work authorisations for North Korean citizens.
It bans new joint ventures or cooperative entities with DPRK entities or individuals and additional investments in existing joint ventures.
The 15-member body reaffirmed previous council decisions that the DPRK should not conduct further launches using ballistic missile technology, nuclear tests, or any other provocation, according to a statement posted on the UN website.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataThrough the resolution, the UN designated several additional individuals for a travel ban and assets freeze.
The council also calls for the recommencement of the Six-Party Talks and reiterated its support for the commitments set forth in the Joint Statement of 19 September 2005 issued by China, the DPRK, Japan, the Republic of Korea, the Russian Federation, and the US.
The goal of the Six-Party Talks is the verifiable denuclearisation of the Korean Peninsula in a peaceful manner, and to ensure that the US and the DPRK respect each other's sovereignty and exist together peacefully, according to the statement.
Image: The UN Security Council unanimously adopts a resolution on the intercontinental ballistic missile programme (ICBM) by the Democratic People's Republic of Korea. Photo: courtesy of UN Photo / Kim Haughton.