UN Freezes Assets Of 3 North Korean Firms Over Failed Rocket Launch
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UN Freezes Assets Of 3 North Korean Firms Over Failed Rocket Launch

New York City : NY : USA | May 03, 2012 at 5:46 AM PDT
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N. Korea Off Terror Blacklist With Nuke Deal

The United Nations Security Council’s Sanctions committee has imposed sanctions on three North Korean state-owned companies and banned them from global trade in response to Pyongyang's failed rocket launch last month, BBC said.

The UN sanctions committee named the three blacklisted companies as Green Pine Conglomerate, Amroggang Development Banking Corporation and Korea Heungjin Trading Company, all were involved in financing, exporting and procuring weapons.

The committee also approved to prohibit ‘extra items and technology’ for transfer to or from North Korea, which included missiles and nuclear related material, already banned under UN resolutions.

The US and EU had wanted to blacklist some 40 North Korean companies as proposed by the West, Japan and South Korea but China blocked the move.

Susan Rice, US envoy to the UN, said the sanction “constitutes a serious and credible response to North Korea's provocation. These measures will increase North Korea's isolation and make it harder for Pyongyang to move forward with its illicit programs."

http://www.bbc.co.uk/news/world-asia-17933634

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