• All Share : 51420.89
    UP 0.60%
    Top 40 : 4267.45
    UP 0.79%
    Financial 15 : 14844.50
    UP 0.88%
    Industrial 25 : 59891.07
    UP 0.23%

  • ZAR/USD : 10.7320
    UP 0.63%
    ZAR/GBP : 17.7477
    UP 0.18%
    ZAR/EUR : 14.0735
    UP 0.50%
    ZAR/JPY : 0.1023
    UP 0.04%
    ZAR/AUD : 9.9631
    UP 0.09%

  • Gold : 1271.9500
    DOWN -1.13%
    Platinum : 1415.0000
    DOWN -0.63%
    Silver : 19.2315
    DOWN -1.20%
    Palladium : 882.5000
    DOWN -2.38%
    Brent Crude Oil : 101.870
    DOWN -0.92%

  • All data is delayed by 15 min. Data supplied by INET BFA
    Hover cursor over this ticker to pause.

Tue Sep 02 13:44:32 SAST 2014

EU approves tighter sanctions on North Korea after nuclear test

Reuters | 18 February, 2013 16:54
North Korean defectors living in South Korea hold balloons containing leaflets and CDs denouncing North's leader Kim Jong-un at an Imjingak pavilion, near the demilitarized zone (DMZ) which separates the two Koreas in Paju, north of Seoul February 16, 2013. The late North Korean leader Kim Jong-il's birthday falls on Saturday. The slogans on the balloons read "Fighters for Free North Korea" (L, green), "Stop nuclear missile provocations" (C, black), "Rise, North Korean compatriots" (4th R) and "South Korea must arm itself against nuclear weapons!" (3rd R)
Image by: KIM HONG-JI / REUTERS

European Union governments agreed on Monday to tighten sanctions against North Korea, restricting the country's ability to trade following last week's nuclear test.

The sanctions expand those approved by the U.N. Security Council in January, adding measures preventing trading in North Korean government bonds, gold, precious metals, and diamonds, EU diplomats said.

"We have pushed for enhancing the sanctions. This is the answer to a nuclear programme which endangers not only the region but the whole security architecture worldwide," Germany's Foreign Minister Guido Westerwelle said during a meeting with his EU counterparts in Brussels.

The new sanctions ban components that could be used in ballistic missiles such as "certain types of aluminium used in ballistic missile-related systems".

North Korea was widely condemned last week after its third nuclear test since 2006, defying United Nations resolutions and putting the country closer to a workable long-range nuclear missile.

North Korean banks will also barred from opening new branches in the European Union and European banks would not be able to open new branches in the northeast Asian state. Diplomats could not say if North Korean banks had any branches in the EU.

SHARE YOUR OPINION

If you have an opinion you would like to share on this article, please send us an e-mail to the Times LIVE iLIVE team. In the mean time, click here to view the Times LIVE iLIVE section.
Tue Sep 02 13:44:33 SAST 2014 ::