U.N. Freezes N. Korean Assets in Response to Missile Launch
DigitalGlobe says this image was captured on a satellite showing a N. Korean rocket launch:
A U.N. panel Friday targeted three North Korean companies to have their assets frozen in response to Pyongyang's April 5 rocket launch.
The companies that made the list were Korea Mining Development Trading Corporation (KOMID), Korea Ryonbong General Corporation and Tanchon Commercial Bank. U.N. member nations that have dealings with those companies must now freeze their assets.
"KOMID is the DPRK's primary arms dealer and main exporter of equipment related to ballistic missiles, with offices in a number of foreign countries," said John Sawers, Britain's ambassador to the United Nations. "Korea Ryonbong General Corporation plays an integral role in the DPRK's import and export of military goods and equipment. And Tanchon Commercial Bank is the DPRK's main financial agent for the sale of conventional arms and ballistic missiles."
North Korea calls itself the DPRK -- the Democratic People's Republic of Korea.
A presidential statement from the Security Council on April 13 authorized the sanctions panel to update a 2006 resolution barring North Korea from launching ballistic missiles after Pyongyang launched what it said was a communications satellite after weeks of warnings from the West not to do so.
North Korea declared the launch successful, but U.S. officials said the missile's payload fell into the Pacific Ocean shortly after the launch.
Japan, the United States and the United Kingdom had sought a new resolution imposing new sanctions on North Korea, but China and Russia -- permanent members of the Security Council with veto privileges -- blocked the way.
* * * * The Democratic People's Republic? Dictator Pyongyang has a small country but a big imagination.
A U.N. panel Friday targeted three North Korean companies to have their assets frozen in response to Pyongyang's April 5 rocket launch.
The companies that made the list were Korea Mining Development Trading Corporation (KOMID), Korea Ryonbong General Corporation and Tanchon Commercial Bank. U.N. member nations that have dealings with those companies must now freeze their assets.
"KOMID is the DPRK's primary arms dealer and main exporter of equipment related to ballistic missiles, with offices in a number of foreign countries," said John Sawers, Britain's ambassador to the United Nations. "Korea Ryonbong General Corporation plays an integral role in the DPRK's import and export of military goods and equipment. And Tanchon Commercial Bank is the DPRK's main financial agent for the sale of conventional arms and ballistic missiles."
North Korea calls itself the DPRK -- the Democratic People's Republic of Korea.
A presidential statement from the Security Council on April 13 authorized the sanctions panel to update a 2006 resolution barring North Korea from launching ballistic missiles after Pyongyang launched what it said was a communications satellite after weeks of warnings from the West not to do so.
North Korea declared the launch successful, but U.S. officials said the missile's payload fell into the Pacific Ocean shortly after the launch.
Japan, the United States and the United Kingdom had sought a new resolution imposing new sanctions on North Korea, but China and Russia -- permanent members of the Security Council with veto privileges -- blocked the way.
* * * * The Democratic People's Republic? Dictator Pyongyang has a small country but a big imagination.
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