The United Nations, the European Union and United States
recently expanded sanctions on North Korea, issuing new
restrictions which impact the mineral, energy, shipping, banking,
finance, and aviation industries. United Nations Resolution 2270
bans the supply of luxury goods to North Korea and implements a
mandatory cargo inspection requirement for DPRK-flagged vessels or
cargo transiting North Korea. The European Union has imposed
additional export bans and restrictions for financial institutions,
while the United States has added additional primary and secondary
sanctions prohibiting trade with North Korea.
The European Union and the United States recently imposed a
series of new sanctions against the Democratic Peoples'
Republic of North Korea (DPRK), in response to nuclear and
ballistic weapons tests conducted by the country earlier this year.
The United Nations (U.N.) has also imposed harsh sanctions through
Resolution 2270 in response to the testing, and
