North Korea cops tough trade sanctions from the UN

The United Nations Security Council has dished out tough new sanctions against North Korea over the rouge state’s most powerful nuclear test earlier this month, banning the country’s textile exports and capping imports of crude oil.

The bans come after the latest and most powerful nuclear missile test on September 3, where a missile was fired over Northern Japan.

The sanctions hit North Korea in the hip pocket with a complete ban on textile exports, the second-largest export after coal and minerals, which is reported to be worth $US752 million in 2016.


Nearly 80 per cent of the textile exports went to China.

China also supplies most of North Korea’s crude oil, reports show 4.5 million barrels of petroleum products and four million barrels of crude oil are supplied annually.

The new ban from the UN caps the import of refined petroleum products to 2 million barrels per year, and caps North Korea’s crude oil at its current level.

This is the ninth sanction against North Korea unanimously adopted by the UN’s 15-member security council since 2006.

Reports show the US watered down initial tougher sanctions to win the support of China and Russia.