UN sanctions against North Korea could block $1.3bn – analyst
19 Oct 2017


The implementation of United Nations Security Council sanctions could block as much as $1.3 billion in capital inflows to North Korea, a South Korean analyst said Wednesday.

Kang Sun-joo, a professor at the Korea National Diplomatic Academy in Seoul, said in a report released Wednesday the Security Council has imposed nine sanctions against North Korea since 2006, when Pyongyang conducted its first nuclear test, News 1 reported.

Recently adopted resolutions 2371 and 2375 included severe measures that include the freezing of North Korea individual and entity assets related to nuclear weapons development, and bans on the export of North Korean coal, iron ore, fishery products and textiles.

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