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Home » World » UN Aims to Sanction North Korea with Oil and Asset Freeze

UN Aims to Sanction North Korea with Oil and Asset Freeze

September 9, 2017 by Renee Randazzo Leave a Comment

kim jong un

The United States pushed the UN to consider some of the strictest sanctions aimed at North Korea. The proposal plans to place a ban on all natural gas and oil exports. This way, the organization would cut down a major source of finance for the communist nation. On top of that, the Korean government and Kim Jong Un would also have to deal with an asset freeze.

The UN Draft of Resolutions Will Be Subjected to a Vote on Monday

U.S. Ambassador Nikki Haley announced that Trump administration and UN representatives held a recent emergency council meeting. They discussed strategies to answer to North Korea’s sixth nuclear test which proved also to be the largest. The outcome was a proposal of numerous punitive points that would be voted to come into effect on Monday.

The U.S. seems determined to underwhelm North Korea with restrictive sanctions. The draft with the proposed penalties has already circulated the council members on Wednesday. Trump administration intends to organize a vote session on Monday to decide the fate of this document.

One of the main guidelines of this proposal identified nine cargo ships that broke previous UN sanctions by conducting commercial activities on behalf of North Korea. As a consequence, the government intends to send aircraft or warships to inspect these vessels better.

This decision would lend any ship that pertains to the 192 U.N. member states the right to stop these rogue vessels and perform an inspection without their accord. Afterwards, they have the duty to impel the vessel to head to the nearest port.

One of the Main Punishes Will Be a Global Asset Freeze to Any Party that Represents Leader Kim Jong Un

Another main correction will seek an asset freeze for North Korea leader, Kim Jong Un. The resolution will force all countries to arrest all the funds and economic resources that are directly or indirectly under the control of the communist head, Worker’s Party of Korea, the government or any other party that represents these entities.

On the other hand, China and Russia opposed to these sanctions. Instead, they called the U.S. government to consider diplomatic solutions. One of these strategies would be to propose North Korea to put an end to their nuclear program as long as the U.S. and South Korea end their shared military exercises as well.

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