USA tells China to fully execute NKorea sanctions

USA tells China to fully execute NKorea sanctions

"In this regard, we strongly urge the DPRK [Democratic People's Republic of Korea] to immediately comply fully with its obligations under all relevant U.N. Security Council Resolutions", the statement added, referring to resolutions that ushered in global sanctions on North Korea over its nuclear weapons program.

Only the foreign minister of the Philippines, the chair of this year's forum sat down with his North Korean counterpart, to convey the ASEAN nations' unanimous warning to North Korea.

The security conference in the Philippine capital was dominated by the rising threat posed by North Korea's rapid advances in nuclear and ballistic missile technology.

The UN Security Council unanimously imposed new sanctions on North Korea on Saturday aimed at pressuring Pyongyang to end its nuclear programme.

ICBM threat and North Korea's overall military strength Nuclear capable? They include a complete ban on its exports of coal, a main source of hard currency suspected to be channeled for its weapons development programs.

The administration says the resolution could cost the regime $1 billion a year, although sanctions experts say that depends largely on how well they are implemented - especially by China, whose track record on enforcing punitive measures on North Korea is poor.

Apart from a developing missile and nuclear program, North Korea has a powerful army with 700,000 active troops and another 4.5 million in the reserves. It also prohibits countries from increasing the numbers of North Korean laborers now working overseas, bans new joint ventures with North Korea and any new investment in current joint ventures.

But Tillerson says it's not as simple as North Korea stopping launches for a few days or weeks.

"The basic political dynamics remain: China does not want North Korea to crumble, and China craves geopolitical stability above everything else", he said.

Equities fall on rising tension between US & North Korea
Penney slumped 24.4 percent to a record low after the retailer reported a bigger-than-expected quarterly loss. The Straits Times Index sank 1.31 per cent or 43.52 points to 3,279.72, down 1.4 per cent for the week.

The sanctions resolution that China and Russian Federation voted for was the seventh the Security Council has imposed on North Korea since 2006, when the country carried out its first nuclear test.

"We will know it when we see it", the secretary of state said, according to CBS News.

"It is very hard to imagine that China would have voted in favor of a resolution that would hit North Korea's economy so badly if Beijing really believed that such a resolution would be fully implemented", North Korean Economy Watch co-editor Benjamin Katzeff Silberstein wrote in a posting on the blog after Saturday's vote.

Seoul had recently tested the missile shield successfully amid tests carried out by North Korea. But it was put off because of reasons on the US side.

Thornton says the USA wants to ensure that with the new sanctions, there's "not this kind of episodic back and forth that we've seen".

"Owing to China's traditional economic ties with North Korea, it will mainly be China paying the price for implementing the resolution", the statement cited Wang as saying.

But he applauded the Security Council vote on Twitter.

One of the secondary sanctions efforts deals with jurisdictions that are non-compliant with United Nations resolutions, Stephan Haggard, visiting fellow at the Peterson Institute of International Economics, said in a Monday note.

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