Sep 12, 2017
The United Nations Security Council members voted to impose more sanctions on North Korea after the country exploded its sixth nuclear weapon September 3rd.
The new sanctions will impose a ban on North Korea’s textile exports and impose a cap on crude oil imports.
This is the ninth time since 2006 that sanctions have been imposed on North Korea.
In 2016, North Korea exported $752 million worth of textiles. 80 percent of the textiles went to China.
The latest sanctions limit North Korea to importing two million barrels of refined petroleum products a year. And caps North Korea’s import of crude oil at current levels or four million barrels a year.
To get the support of Russia and China, the U.S. watered down its resolution.