EU approves tighter sanctions on North Korea
February 19, 2013 4:35 AM EST
European Union governments agreed on Monday to tighten sanctions against North Korea, restricting the country's ability to trade following last week's nuclear test.
The sanctions expand those approved by the U.N. Security Council in January, adding measures preventing trading in North Korean government bonds, gold, precious metals, and diamonds, EU diplomats said.
"We have pushed for enhancing the sanctions. This is the answer to a nuclear programme which endangers not only the region but the whole security architecture worldwide," Germany's Foreign Minister Guido Westerwelle said during a meeting with his EU counterparts in Brussels.
The new sanctions ban components that could be used in ballistic missiles such as "certain types of aluminium used in ballistic missile-related systems".
North Korea was widely condemned last week after its third nuclear test since 2006, defying United Nations resolutions and putting the country closer to a workable long-range nuclear missile.
North Korean banks will also barred from opening new branches in the European Union and European banks would not be able to open new branches in the northeast Asian state. Diplomats could not say if North Korean banks had any branches in the EU.
(Reporting by Ethan Bilby; Editing by Alison Williams)
Most Popular Slideshows
Join the Conversation
- Tourre on stand says email in SEC case 'not accurate'
- Syrian authorities blocking access to needy in Homs - Red Cross
- Faith in European Union at low ebb, EU poll says
- Former UBS banker gets 18 months, $1 million fine, for muni bid-rigging scheme
- U.S. judge halts challenges to Detroit's bankruptcy bid
- Galaxy Note 4 vs Redmi Note 2 vs iPhone 6: Samsung in Danger with Depressing Q3
- iOS 8 Jailbreak Release Date Likely this October 2014 with Pangu not Evad3rs Firming Up as Creator
- Top 4 Free-To-Download Apps for Fuller iPhone 6, 6 Plus Experience
- Battery Saving Android 5.0 Lollipop Feature Extends The Battery Life Of Your Android Device By 90 Minutes And Displays Orange Bar While Power Saving Mode Is On
- Apple Inc. (AAPL) Stock Set to Soar Beyond $100 Despite Decline After New iPad Launch
- Russia Beefs Up Gold Reserves To Offset Heat of Sanctions And Undercut Dollar
- Australia's 'No Way' Anti-Asylum Seeker Poster Sparks Outrage