Trump says UN North Korea sanctions are 'not a big deal'

Pauline Gross
Сентября 13, 2017

That statement followed a similar message from Monday, in which the Ministry of Foreign Affairs reported Pyongyang would respond to any sanctions by inflicting upon the United States "the greatest pain and suffering it had ever gone through in its entire history", KCNA reported.

North Korea has warned it would retaliate against new sanctions, and experts say the reprisal could come in the form of a cyberattack.

Official documents and interviews point to a rise in tanker traffic this spring between North Korean ports and Vladivostok, the far-eastern Russian city near the small land border shared by the two countries.

Natural gas condensates and liquids are also included among the items North Korea is restricted from importing in excess of United Nations guidelines, the resolution says. The new watered-down sanctions resolution is also set to ban all textile exports, the main source of hard currency for North Korea.

The revised resolution would condemn "in the strongest terms" the latest nuclear test, which Pyongyang said was of a hydrogen bomb, calling it a "flagrant" violation of previous council resolutions banning all nuclear tests.

"If China doesn't follow these sanctions, we will put additional sanctions on them and prevent them from accessing the USA and worldwide dollar system, and that's quite meaningful", said Mnuchin, according to news agencies.

When he spoke to ValueWalk hours before the UN's meeting on Monday, a former U.S. Department of State diplomat specializing in North Korea reminded us that Pyongyang has "a pattern of making bellicose threats toward Washington and Seoul that Pyongyang has no intention of actually implementing".

But for all of Pyongyang's fury at the prospect of new sanctions, the USA -backed draft has been watered down significantly to meet Chinese and Russian demands.

While the likelihood of tougher sanctions grows, Pyongyang has stepped up its rhetoric defying the worldwide community and threatening the US.

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The hearing came a day after the U.N. Security Council imposed its latest sanctions over what North Korea says was a hydrogen bomb test September 3, its most powerful atomic test yet.

That would amount to a 10 percent cut in oil products, according to the US Energy Information Administration, which estimates annual exports to North Korea at almost 2.2 million barrels.

The challenge of rebuilding North Korea's infrastructure would be huge.

It would also cap refined petroleum product imports to the North at 500,000 barrels during an initial period of three months from October through December.

He said: "The worldwide community has shown it is united against the illegal and reckless acts by the North Korean regime".

He again raised the Chinese and Russian proposal of a dual suspension of North Korea's nuclear and ballistic missile testing along with United States and South Korean military exercises in a bid to kick-start talks. A US proposal for a total oil embargo was dropped in exchange for Russian and Chinese support for the measure.

KELEMEN: Well, past administrations would have taken time to really negotiate a sanctions resolution ahead of time, but this administration seemed really intent on moving quickly.

It also adds language underscoring the Security Council's commitment to North Korea's sovereignty and territorial integrity, to "a peaceful and diplomatic solution to the situation", and "its concern that developments on the Korean Peninsula could have risky, large-scale regional security implications".

That included a June 29 designation of the Bank of Dandong, a regional Chinese bank, which is believed to help North Korea access the USA and worldwide financial systems. The U.S. ambassador to the United Nations, Nikki Haley, has taken the Trump approach, accusing the North Koreans of "begging for war". "But the USA doesn't want to go to the negotiating table".

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