In doing so, OFAC stated that North Korea continues the use of “illicit ship-to-ship transfers to circumvent United Nations (UN) sanctions that restrict the import of petroleum products, as well as the U.S. Government’s commitment to implement existing UN Security Council Resolutions (UNSCR).” North Korea’s continued use of ship-to-ship transfers to import refined petroleum is in violation of UNSCR 2375 and UNSCR 2397. Exempts the provision of spare parts for civilian passenger aircraft for air safety reasons.

OFAC Further Tightens Sanctions on Iran and North Korea, Departments of Commerce, State and the Treasury Issue North Korea Ballistic Missile Procurement Advisory, DOJ Charges 33 Individuals for $2.5B Scheme Violating North Korea Sanctions, U.S. Thursday: 08:30 - 17:30 It also gives the UN Panel of Exerts additional analytical resources to better monitor sanctions enforcement. This resolution imposes the following measures: 1. The Six-Party talks, which took place from 2003-2009, resulted in a joint statement on denuclearization. Decides that North Korea shall abandon all chemical and biological weapons and programs and act in accordance with the Biological Weapons Convention and the Chemical Weapons Convention, Expanding the arms embargo to include small arms and light weapons, Prohibiting North Korea from servicing and repairing any weaponry sold to third parties, Mandatory inspections on cargo destined to or originating from North Korea, Asset freeze on all North Korean government and Worker’s Party entities associated with prohibited activities, Prohibiting UN member states from hosting North Korean financial institutions that may be supporting proliferation activities in North Korea, Prohibiting states from opening new financial institutions or bank branches in North Korea, Requiring states to terminate existing joint ventures within ninety days of the adoption of the resolution, Chartering or leasing vessels to North Korea, or providing crew services to North Korea or North Korean entities, Selling or supplying aviation fuel to North Korea so that it cannot be diverted to its ballistic missile program, Calls on all members to reduce the number of staff at DPRK diplomatic missions and consular posts, Condemns the DPRK for pursuing nuclear weapons instead of the welfare of its people, Emphasizes, for the first time, the need for the DPRK to respect the inherent dignity of its people in its territory, Exporting minerals, such as copper, nickel, silver, and zinc, Selling or transferring iron and iron ore, with exceptions for livelihood purposes, Selling or transferring coal in amounts that exceed a particular cap annually, Limit the number of bank accounts held by diplomats and missions, Suspend scientific and technical cooperation with North Korea, except for medical purposes, Regrets North Korea’s massive diversion of its scarce resources toward its development of nuclear weapons and a number of expensive ballistic missile programs, Reaffirms the Council's support for the Six Party Talks, calls for their resumption, reiterates its support for commitments made by the Six Parties, and reiterates the importance of maintaining peace and stability on the Korean Peninsula and in Northeast Asia, Decides North Korea shall not deploy or use chemical weapons and calls on North Korea to accede to the Chemical Weapons Convention and comply with its provisions, Adds new sanctions against North Korean individuals and entities, including the Foreign Trade Bank (FTB), Prohibits joint ventures between North Korea and other nations, Allows for the Security Council to deny international port access to vessels tied to violating security council resolutions, Bans countries from allowing in additional North Korean laborers, Reiterates its deep concern at the grave hardship that the people in the DPRK are subjected to, condemns the DPRK for pursuing nuclear weapons and ballistic missiles instead of the welfare of its people, Reaffirms its support for the Six Party Talks, calls for their resumption, and reiterates its support for the commitments set forth in the Joint Statement of 19 September 2005 issued by China, the DPRK, Japan, the Republic of Korea, the Russian Federation, and the United States, Caps refined petroleum product imports at 2 million barrels per year, Bans all natural gas and condensate imports, Prohibits member states from providing authorizations for North Korean nationals to work in their jurisdictions, unless otherwise determined by the committee established UNSCR 1718, Imposes asset freezes on additional North Korean entities, including the Organizational Guidance Department, the Central Military Commission and the Propagation and Agitation Department, Directs the 1718 committee to designate vessels transporting prohibited items from North Korea, Bans all joint ventures or cooperative entities or the expansion of existing joint ventures with DPRK entities or individuals. The full text of the resolution can be found here.

Unanimously adopted. Our team closely monitors trade-related news and updates this blog frequently to provide timely, client-focused summaries of critical trade-related activities, developments and trends. Assumes responsibilities for UNHCR activities in Mainland China, Hong Kong SAR and Macao SAR. 5. 01 January 2020, New Year's Day24 January 2020, Chinese New Year27 January 2020, Chinese New Year28 January 2020, Chinese New Year06 April 2020, Qingming Festival01 May 2020, Labor Day26 May 2020, Eid al-Fitr (observed)31 July 2020, Eid al-Adha (observed)01 October 2020, China National Day25 December 2020, Christmas Day. ", "UN Documents for DPRK (North Korea): Security Council Resolutions [View All Security Council Resolutions]", "UN Security Council Committee Established Pursuant to Resolution 1718 (2006) – Work and mandate", "Sanctioned and Shunned, North Korea Finds Arms Deals in Africa", "A Familiar Story: The New UN Report on North Korean Sanctions Implementation", Paul H. Nitze School of Advanced International Studies, "UN Security Council Resolutions on North Korea", "U.N. Toughens Sanctions on North Korea in Response to Its Nuclear Program", "Security Council Grants Mandate Extension for Expert Panel Helping Sanctions Committee on Democratic People's Republic of Korea", "Security Council Strengthens Sanctions on Democratic Republic of Korea, Unanimously Adopting Resolution 2321 (2016) – With Secretary-General Hailing Measures as 'Toughest Ever', Some Warn against Military Build-up on Peninsula", "Security Council Unanimously Adopts Resolution Extending Number, Scope of Sanctions against Democratic People's Republic of Korea", http://www.un.org/en/ga/search/view_doc.asp?symbol=S/RES/2371(2017), "U.N. Security Council imposes punishing new sanctions on North Korea", "Chronology of events leading to adoption of UNSC resolution on N. Korea", United States Mission to the United Nations, "FACT SHEET: Resolution 2375 (2017) Strengthening Sanctions on North Korea", "Security Council Imposes Fresh Sanctions on Democratic People's Republic of Korea, Including Bans on Natural Gas Sales, Work Authorization for Its Nationals – Resolution 2375 (2017) Also Takes Humanitarian Situation into Account as Members Urge Resumed Talks on Denuclearizing Korean Peninsula", "After U.S.

In addition to imposing sanctions, the resolutions give UN member states the authority to interdict and inspect North Korean cargo within their territory, and subsequently seize and dispose of illicit shipments.

The full text of Resolution 1874 is available here. The next day, on September 4, 2019, OFAC designated nine individuals, 16 Iranian entities and six vessels (and updated SDN information on another seven vessels) for placement on the SDN List. The United States claimed the new sanctions would prevent North Korea from earning over $1 billion each year, although some experts expressed doubt. SmarTrade is a resource for businesses of all sizes that need information and insight to successfully navigate the global economy. Resolution 2094 also designated additional individuals and entities for asset freezes and the travel ban and expanded the designation criteria to include persons or entities suspected of acting on the behalf or controlled by any persons or entities already sanctioned. 6. Additional Security Council resolutions on North Korea serve to extend the 1718 Committee mandate.

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The council required North Korea to withdraw the armed forces at 38th parallel. June 27, 1950: United Nations Security Council Resolution (UNSCR) 83 declared North Korean actions constituted a breach of peace, recommending UN members provide assistance to South Korea to repel the attack and restore peace on the Korean Peninsula.

Unanimously removed the Korean War from the agenda of the Security Council. UNSC Resolution 702 (membership admission in 1991)