EU Expands Sanctions on N. Korea

Write : 2016-05-28 14:37:18 Update : 2016-05-28 15:53:55

EU Expands Sanctions on N. Korea

The European Union has carried out an additional set of powerful and extensive sanctions on North Korea following the regime's nuclear test and long range missile launch.
The Council of the EU on Friday announced new punitive measures of expanding embargo goods including luxury items and stepping up regulations on money transfers and financial services.
In a statement, the Council said that North Korea's behavior poses a serious threat to global peace and security and in response, the EU decided to impose more sanctions to prevent the North's development of weapons of mass destruction and ballistic missiles.
Details of the latest sanctions including the list of goods banned from being sold to the North will be disclosed on the EU's official gazette on Saturday. 

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