Published: Wed, September 13, 2017
Worldwide | By Gretchen Simon

USA threats to make North Korea more determined: Pundit

USA threats to make North Korea more determined: Pundit

The United States wants the Security Council to impose an oil embargo on North Korea, ban its exports of textiles and the hiring of North Korean laborers overseas, and to subject Kim Jong Un to an asset freeze and travel ban, according to a draft resolution seen by Reuters on Wednesday.

U.S. Ambassador Robert Wood hailed the Security Council sanctions imposed Monday, saying "the worldwide community will never accept North Korea as a nuclear weapons state".

Instead, China repeatedly calls for calm, restraint and a negotiated solution.

"Oil sanctions are the most effective sanctions, so I'd like to strongly ask for this", he said.

Joint ventures will be banned and the names of senior North Korean official and three entities were added to a United Nations sanctions blacklist that provides for an assets freeze and a global travel ban.

China is by far North Korea's biggest trading partner, accounting for 92 percent of two-way trade previous year.

North Korea may well accede through negotiations to this demand, as they can still claim to be a nuclear power and receive the recognition and respect of the global community which they desperately crave.

Residents of Seongju a county some 300 km south of Seoul stage a protest against the installation of a U.S. missile defense system in front of a village office in the county on Sept. 6 2017
Putin Says At This Point, Sanctions Against North Korea Are 'Useless'

The North's Foreign Ministry issued a statement Monday saying it is watching the United States' moves closely and threatened it is "ready and willing" to respond with measures of its own. The textile export ban alone would cost North Korea about $726 million a year, the USA said. The North flight-tested its developmental Hwasong-14 ICBMs twice in July and analysis of flight data suggested that the missiles could reach deep into the USA mainland when perfected.

The Security Council has called for the resumption of six-party talks aimed at negotiating a complete denuclearization of the Korean peninsula.

Though North Korea is still wracked by poverty and starvation, the country's economy grew by 3.9% in 2016, according to South Korea's central bank, the highest growth rate the North has seen in over a decade.

As of last week, China and Russia were pushing back on efforts to increase sanctions, with Russian President Vladimir Putin questioning their usefulness.

North Korea was condemned globally for its latest nuclear test on September 3, which it said was of an advanced hydrogen bomb. Haley has rejected that proposal as "insulting".

Over the past few days, a cartoon in a Japanese newspaper has gone viral on the internet on the mainland, depicting a fuming US President Donald Trump standing on one side of the American flag of red and white stripes and the North Korean leader Kim Jong-un on the other side.

U.N. Secretary-General Antonio Guterres, who called the nuclear risk in North Korea the most risky crisis in the world today, told reporters Tuesday that "the unity of the Security Council is absolutely crucial". Short of a military conflict that analysts said could lead to millions of deaths and the destruction of Seoul, economic sanctions are among the few options available.

Britain, EU announce date of next round of Brexit talks
"For these traders to be ready for exit, government must be clear about when and how they must adapt, and leave them enough time to do so".

Like this: