U.N. Security Council imposes new sanctions on North Korea

UNITED NATIONS — The United Nations Security Council on Saturday passed a resolution imposing new sanctions on North Korea for its continued intercontinental ballistic missile testing and violations of U.N. resolutions.

U.S. Ambassador to the U.N. Nikki Haley, speaking at the Security Council meeting where the vote took place, said, “Monday, we said that the time for talking was over and that it was time for action. Today you’re going to see the action. It’s going to hit hard but it’s going to make a strong point to North Korea that all this ICBM and this nuclear irresponsibility has to stop.”

Two recent ICBM launches by North Korea prompted a call for action by many U.N. members.

With 15 votes in favor, the resolution was passed unanimously.

The resolution targets North Korea’s primary exports, including coal, iron, iron ore, lead, lead ore and seafood. The sanctions also target other revenue streams such as banks and joint ventures with foreign companies.

The sanctions will slash North Korea’s annual export revenue of $3 billion by more than one-third, according to a statement from Haley’s office.

The resolution represents “the strongest sanctions ever imposed in response to a ballistic missile test,” the statement said.