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THE INVESTOR

Politics & North Korea

N. Korea slams new UN sanctions

  • PUBLISHED :September 13, 2017 - 10:19
  • UPDATED :September 13, 2017 - 10:19
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[THE INVESTOR] North Korea on Sept. 13 rejected new sanctions unanimously adopted by the UN Security Council.

In a statement carried by the state-run Korean Central News Agency, the North Korean Foreign Ministry said that the sanctions are “a product of heinous provocation aimed at depriving the DPRK of its legitimate right for self-defense and completely suffocating its state and people through full-scale economic blockade.”

DPRK stands for the Democratic People‘s Republic of Korea, North Korea’s official name.

The US-led sanctions rather served as an occasion for Pyongyang to “verify that the road it chose to go down was absolutely right and to strengthen its resolve to follow this road at a faster pace without the slightest diversion until this fight to the finish is over,” the statement said.

The sanctions include a freeze on North Korean imports of crude oil at current levels of 4 million barrels a year and a cap on imports of refined petroleum products at 2 million barrels annually, or about half the current levels.

It is the first time the UNSC has targeted oil in its sanctions against the regime.

By Alex Lee and newswires (alexlee@heraldcorp.com)
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