August 5, 2017
The U.N. Security Council unanimously approves new sanctions against North Korea, following two recent ICBM tests.
The sanctions ban exports from the country totaling $1 billion dollars or more, a measure that is broadly expected to deeply cut into the country’s profits.
Speaking at the meeting U.N. Ambassador Nikki Haley praised the move.
“This resolution is the single largest economic sanctions package ever leveled against the North Korean regime,” Haley said. “The price the North Korean leadership will pay for its continued nuclear and missile development will be the loss of one third of its exports and hard currency. This is the most stringent set of sanctions on any country in a generation.”
Haley also described North Korea as a threat that now impacts not just one country, but most of the world.