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(LEAD) EU unveils additional sanctions against N. Korea

All News 23:12 April 06, 2017

(ATTN: ADDS more details from 3rd para)

BRUSSELS, April 6 (Yonhap) -- The European Union (EU) unveiled a set of additional sanctions against North Korea on Thursday in line with the latest United States' move aimed at punishing Pyongyang for its nuclear and missile provocations.

This step follows the ones slapped late month by the United States which blacklisted one North Korean trading firm and 11 individuals as it further tightens the financial screws on Pyongyang over its nuclear and missile programs.

"The EU decided to expand the prohibition on investments in the DPRK to new sectors, namely the conventional arms-related industry, metallurgy and metalworking, and aerospace. The Council also agreed to prohibit the provision of certain services to persons or entities in the DPRK, namely computer services and services linked to mining and manufacturing in the chemical, mining and refining industry," the Council of the European Union said in a statement.

The Council has also added four people to the list of persons it has targeted for travel bans and asset freezes, bringing the total to 41.

"The EU calls again on the DPRK to re-engage in a credible and meaningful dialogue with the international community, to cease its provocations, and to abandon all nuclear weapons," the statement added.

The U.S. said earlier that Paeksol Trading Corp. was sanctioned for involvement in trading in North Korean coal and minerals, a key source of hard currency for Pyongyang, and the 11 individuals were blacklisted for representing trading firms and banks that have already been sanctioned for their links to weapons proliferation.

Under the sanctions, any property or interests in property of the designated persons in the possession or control of U.S. persons or within the United States must be blocked, and U.S. persons are prohibited from dealing with any of the designated parties, the U.S. said.

Three of the blacklisted North Koreans -- Kang Chol-su, Pak Il-kyu and Ri Su-yong -- are officials of Korea Ryonbong General Corp., which has been accused of providing support for the North's chemical weapons program.


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