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| New UNSC resolution slashes oil & petroleum supplies to N. Korea over missile launch | New UNSC resolution slashes oil & petroleum supplies to N. Korea over missile launch |
| (35 minutes later) | |
| The UN Security Council has unanimously imposed a new round of sanctions on North Korea following its latest ballistic missile test launch. The resolution seeks to ban nearly 90 percent of refined oil product exports to Pyongyang. | The UN Security Council has unanimously imposed a new round of sanctions on North Korea following its latest ballistic missile test launch. The resolution seeks to ban nearly 90 percent of refined oil product exports to Pyongyang. |
| The exports of refined petroleum products to North Korea will be capped at 500,000 barrels a year, according to the new UN resolution. | The exports of refined petroleum products to North Korea will be capped at 500,000 barrels a year, according to the new UN resolution. |
| Crude oil exports will be limited to 4 million barrels a year. In addition to drastically cutting oil product exports to the isolated country, the measure also demands the repatriation of all North Koreans working abroad within 24 months. | Crude oil exports will be limited to 4 million barrels a year. In addition to drastically cutting oil product exports to the isolated country, the measure also demands the repatriation of all North Koreans working abroad within 24 months. |
| The new resolution was drafted by the US in response to the most resent ballistic missile test conducted by Pyongyang on November 29. The final document did not incorporate the harsher restrictions sought by the US, which included a total ban on exporting oil products to North Korea, as well as freezing all the international assets of the country’s leadership. | |
| North Korea said it was a new type of intercontinental ballistic missile, the Hwasong 15, which can hit all of the US mainland. The US military dismissed the claim, with Defense Secretary James Mattis stating, “It has not yet shown to be a capable threat against us right now.” | North Korea said it was a new type of intercontinental ballistic missile, the Hwasong 15, which can hit all of the US mainland. The US military dismissed the claim, with Defense Secretary James Mattis stating, “It has not yet shown to be a capable threat against us right now.” |
| "It (the resolution) sends the unambiguous message to Pyongyang that further defiance will invite further punishments and isolation," Nikki Haley, the US envoy to the United Nations, said following the vote. | "It (the resolution) sends the unambiguous message to Pyongyang that further defiance will invite further punishments and isolation," Nikki Haley, the US envoy to the United Nations, said following the vote. |