North Korea economy hit by sanctions

Valeriy Sharifulin  TASS

Pompeo had reportedly proposed that the USA and the communist regime in Pyongyang discuss a full declaration of North Korea's nuclear arsenal, a timeline for dismantling the nuclear program, and an unfulfilled promise made by Kim at the summit. "The North Koreans understand what that means".

He said: "We abide by all decisions".

South Korea's Foreign Minister Kang Kyung-wha told the council that it must be ready to grant temporary exemptions to sanctions in specific areas such as communications to help push North Korea toward progress, according to diplomats.

Pompeo stressed Friday that the 15 Security Council nations "are united on the need for final, fully verified denuclearization of North Korea".

Last week, the United States asked a UN sanctions committee to order a halt to shipments of oil products to North Korea after accusing Pyongyang of exceeding a cap on fuel deliveries with illegal imports.

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The head of the U.S. Intelligence Community said the U.S. will continue to encourage Russian Federation and China to pressure North Korea with worldwide sanctions. "We need to see Chairman Kim do what he promised the world he would do".

China, which is North Korea's closest ally and responsible for more than 90 percent of the isolated country's trade, backs North Korea's call for a "phased and synchronous" approach to denuclearization.

At a joint press briefing with USA ambassador to the U.N., Nikki Hayley, Pompeo said that they will continue to press other countries to uphold the sanctions until North Korea makes good on its promises.

"We also request the USA side to provide additional factual information to facilitate all states to study and make judgment", the Chinese mission said. North Korea doesn't independently publish figures on economic growth.

"As chair of the sanctions committee on DPRK, we think it is very important that the Security Council remains closely connected to political developments on the Peninsula so that is why we welcome this conversation", Van Oosterom said, referring to an acronym for the formal name for North Korea, the Democratic People's Republic of Korea.

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The agreement however was short on details - North Korea has long trumpeted a denuclearisation goal, but one that it sees as a lengthy process of undefined multilateral disarmament, rather than a unilateral dismantlement of its nuclear arsenal. "Russians have done many things to enforce the sanctions and we deeply appreciate that", the U.S. state secretary added.

Mr Pompeo's talks followed an unprecedented summit between US President Donald Trump and North Korean leader Kim Jong-un last month at which Mr Kim agreed to work toward the denuclearisation of the Korean peninsula. "North Korean cyber thefts and other criminal activities are also generating significant revenues for the regime, and they must be stopped". Haley asked. "They claim they need more information".

The 14 other council members had until midday Thursday to object, and two diplomats said Russian Federation put "a hold" on the US request shortly before the noon deadline.

"If we want to see success, we have to see a response from Chairman Kim and we have to continue to hold the line until that happens".

Security Council members said that during his briefing, Pompeo urged enforcement of sanctions and said that a discussion about easing them could begin only once concrete actions had been taken on the ground.

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Despite the sanctions violations, Pompeo said President Trump and he both remain "upbeat about the prospects of denuclearization".

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