UN sanctions hit North Korea hard (7 Visits)

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North Korea is sure to feel the pain of new UN sanctions which targets some of its biggest remaining revenue streams. The council eased off the biggest target of all, however, the oil that it needs to stay alive and fuel its military. 

The United States has been pushing for a complete ban, but the sanctions to punish North Korea for its sixth nuclear test cap its annual imports of crude at the same level they have been for the last 12 months: an estimated 4 million barrels. Exports for their textiles are prohibited, and other nations can not offer new work permits for North Korean workers. They are also banned the country to import natural gas liquids and condensates, and limited the import of refined petroleum productions to 2 million barrels a year. 

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