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UN, US close to imposing sanctions on North Korea

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The five permanent members of the UN Security Council are close to completing work on new sanctions against North Korea, while the US is set to impose its own financial sanctions against the reclusive nation for its role in weapons sales and counterfeiting.

Russian state-owned news agency RIA Novosti reports that ambassadors from the five permanent Security Council members – Russia, the US, China, Britain, and France – as well as envoys from Japan and South Korea met late Thursday to complete a draft for sanctions against North Korea in response to its May 25 nuclear test.

"We are very close to finishing the work [on the sanctions]," Vitaly Churkin told reporters after a three-hour meeting at the U.S. mission to the UN in New York.
The UN Security Council has already denounced Pyongyang's May 25 nuclear test as a violation of Resolution 1718 and the international non-proliferation regime. North Korea is under a number of UN sanctions over its first nuclear test, carried out in 2006.
Possible new sanctions may include a ban on importing and exporting all arms and not just heavy weapons, additional asset freezes and travel bans for North Korean officials, and placing more firms on a UN blacklist, according to UN sources.
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