{"id":9462,"date":"2023-12-11T16:45:14","date_gmt":"2023-12-11T15:45:14","guid":{"rendered":"https:\/\/www.northkoreainfo.com\/?p=9462"},"modified":"2023-12-11T16:45:14","modified_gmt":"2023-12-11T15:45:14","slug":"what-are-the-current-sanctions-against-north-korea","status":"publish","type":"post","link":"https:\/\/www.northkoreainfo.com\/what-are-the-current-sanctions-against-north-korea\/","title":{"rendered":"What Are The Current Sanctions Against North Korea"},"content":{"rendered":"
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The world has been more carefully watching North Korea’s activities lately. With the nation’s growing nuclear arsenal and missiles that can reach the United States, the need to force Pyongyang into compliance is as urgent as ever. To this end, the international community has stepped up its sanctions regime against North Korea.<\/p>\n

International pressure against North Korea began with the United Nations in 2006. As the years passed, more members abstained from supplying North Korea with the resources needed to develop nuclear weapons and further their aggressive foreign policy. In 2017, the most aggressive and comprehensive sanctions were imposed by the UN Security Council. These sanctions targeted North Korean exports and international financial transactions, seeking to cripple the regime’s ability to craft a nuclear system that could destabilize the Korean peninsula or threaten global security.<\/p>\n

The US government has taken a strong stance against Pyongyang, implementing numerous economic and travel restrictions. Exports of items such as coal and seafood, key sources of foreign currency, have been severely restricted. With no way of earning hard currency, North Korea’s economy has been suffocated. In addition to this, US banks have been banned from conducting financial transactions that involve entities connected to North Korea.<\/p>\n

China, North Korea’s largest ally, has played a significant role in pressuring Pyongyang to abandon its nuclear weapons program. Beijing’s economic ties to Pyongyang made them a linchpin player in the drama, as they constitute the majority of North Korea’s legal and illegal exports. Chinese sanctions against North Korea helped to reduce the number of businessmen trading with North Korean entities by around 15%, although numbers remain high.<\/p>\n